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Unitedhealth Group Inc [UNH] Insider Selling: Time to sell?

Unitedhealth Group Inc’s recently made public that 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 $4.63 million.

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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 $12.63 million.

HSBC Securities upgraded its Unitedhealth Group Inc [UNH] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late May with a ‘”an Outperform”‘ rating. HSBC Securities also remained covering UNH and has increased its forecast on April 04, 2024 with a “Hold” recommendation from previously “Reduce” rating. Barclays started covering the stock on March 06, 2024. It rated UNH as “an Overweight”.

Price Performance Review of UNH

On Monday, Unitedhealth Group Inc [NYSE:UNH] saw its stock fall -2.87% to $494.65. Over the last five days, the stock has gained 0.95%. Unitedhealth Group Inc shares have fallen nearly -6.04% since the year began. Nevertheless, the stocks have risen 3.82% over the past one year. While a 52-week high of $554.70 was reached on 01/04/24, a 52-week low of $436.38 was recorded on 04/12/24. SMA at 50 days reached $498.42, while 200 days put it at $509.77. A total of 4.38 million shares were traded, compared to the trading of 22.73 million shares in the previous session.

Levels Of Support And Resistance For UNH Stock

The 24-hour chart illustrates a support level at 488.72, which if violated will result in even more drops to 482.80. On the upside, there is a resistance level at 504.74. A further resistance level may holdings at 514.84. The Relative Strength Index (RSI) on the 14-day chart is 50.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 47.14%. Stochastics%K at 62.02% indicates the stock is a holding.

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