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Is UnitedHealth Group Inc (UNH) a Stock to Watch After Losing -0.18% This Week?

Friday, December 01, 2023 03:18 PM | InvestorsObserver Analysts

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Is UnitedHealth Group Inc (UNH) a Stock to Watch After Losing -0.18% This Week?

UnitedHealth Group Inc (UNH) stock has fallen 0.18% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
UnitedHealth Group Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on UNH!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With UNH Stock Today?

UnitedHealth Group Inc (UNH) stock has fallen -1.29% while the S&P 500 has risen 0.48% as of 3:16 PM on Friday, Dec 1. UNH is down -$7.15 from the previous closing price of $553.28 on volume of 1,871,953 shares. Over the past year the S&P 500 has gained 12.49% while UNH is down -0.30%. UNH earned $23.04 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 23.69.

More About UnitedHealth Group Inc

UnitedHealth Group is one of the largest private health insurers, providing medical benefits to 50 million members globally, including 5 million outside the U.S. at the end of 2021. As a leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained massive scale in managed care. Along with its insurance assets, UnitedHealth's continued investments in its Optum franchises have created a healthcare services colossus that spans everything from medical and pharmaceutical benefits to providing outpatient care and analytics to both affiliated and third-party customers. Click Here to get the full Stock Report for UnitedHealth Group Inc stock.

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