Is UnitedHealth Group Inc (UNH) Stock a Good Buy on Friday?

Friday, May 15, 2020 2:52 PM | InvestorsObserver Analysts

Overall market sentiment has been high on UnitedHealth Group Inc (UNH) stock lately. UNH receives a Bullish rating from InvestorsObserver's Stock 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 uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.

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 is trading at $295.01 as of 2:45 PM on Friday, May 15, a rise of $4.40, or 1.51% from the previous closing price of $290.61. The stock has traded between $290.72 and $300.00 so far today. Volume today is 4,669,883 compared to average volume of 4,558,087.

To see InvestorsObserver's Sentiment Score for UnitedHealth Group Inc click here.

More About UnitedHealth Group Inc

UnitedHealth Group is the largest private health insurance provider in the United States, offering medical benefits to nearly 50 million members across its U.S. and international businesses. As the leader in employer-sponsored, self-directed, and government-backed insurance plans, UnitedHealth has obtained unrivaled scale compared with its peers in managed care. Along with its insurance assets, UnitedHealth's continued investment behind its Optum franchises has 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.

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