In a filing, Unitedhealth Group Inc revealed its EVP & Chief People Officer McSweeney Erin unloaded Company’s shares for reported $0.6 million on Mar 08 ’24. In the deal valued at $483.48 per share,1,236 shares were sold. As a result of this transaction, McSweeney Erin now holds 9,364 shares worth roughly $4.27 million.
Then, ROOS THOMAS E sold 858 shares, generating $451,128 in total proceeds. Upon selling the shares at $525.79, the Chief Accounting Officer now owns 32,289 shares.
Before that, THOMPSON BRIAN R sold 28,943 shares. Unitedhealth Group Inc shares valued at $15,079,303 were divested by the CEO, UnitedHealthcare at a price of $521.00 per share. As a result of the transaction, THOMPSON BRIAN R now holds 25,543 shares, worth roughly $11.64 million.
HSBC Securities upgraded its Unitedhealth Group Inc [UNH] rating to a Hold from a a Reduce in a research note published recently. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. HSBC Securities also remained covering UNH and has decreased its forecast on December 18, 2023 with a “Reduce” recommendation from previously “Hold” rating. UBS revised its rating on October 16, 2023. It rated UNH as “a Buy” which previously was an “a Neutral”.
Price Performance Review of UNH
On Friday, Unitedhealth Group Inc [NYSE:UNH] saw its stock jump 0.08% to $455.74. Over the last five days, the stock has lost -7.88%. Unitedhealth Group Inc shares have fallen nearly -13.43% since the year began. Nevertheless, the stocks have fallen -7.60% over the past one year. While a 52-week high of $554.70 was reached on 01/04/24, a 52-week low of $445.68 was recorded on 04/02/24. SMA at 50 days reached $497.73, while 200 days put it at $508.81. A total of 5.74 million shares were traded, compared to the trading of 5.18 million shares in the previous session.
Levels Of Support And Resistance For UNH Stock
The 24-hour chart illustrates a support level at 451.25, which if violated will result in even more drops to 446.76. On the upside, there is a resistance level at 458.99. A further resistance level may holdings at 462.24. The Relative Strength Index (RSI) on the 14-day chart is 27.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -24.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.82%. Stochastics %K at 15.78% indicates the stock is a buying.
How much short interest is there in Unitedhealth Group Inc?
A steep rise in short interest was recorded in Unitedhealth Group Inc stocks on Mar 15, 2024, growing by 0.95 million shares to a total of 7.29 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.34 million shares. There was a rise of 13.03%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.79% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.67.
The most recent change occurred on September 06, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $540 price target.
