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Should You Buy UnitedHealth Group Inc (UNH) Stock on Monday?

Monday, October 25, 2021 01:35 PM | InvestorsObserver Analysts

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Should You Buy UnitedHealth Group Inc (UNH) Stock on Monday?

UnitedHealth Group Inc (UNH) stock has risen 5.72% 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. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With UNH Stock Today?

UnitedHealth Group Inc (UNH) stock is lower by -0.05% while the S&P 500 has risen 0.54% as of 1:33 PM on Monday, Oct 25. UNH is lower by -$0.24 from the previous closing price of $449.16 on volume of 1,769,185 shares. Over the past year the S&P 500 has risen 34.36% while UNH has risen 38.96%. UNH earned $16.12 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 27.84. To screen for more stocks like UnitedHealth Group Inc click here.

More About UnitedHealth Group Inc

UnitedHealth Group is the largest private health insurance provider in the United States, providing medical benefits to 48 million members across its U.S. and international businesses at the end of 2020. 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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