Unitedhealth Group Inc’s filing revealed that its Officer McSweeney Erin acquired Company’s shares for reported $0.44 million on Nov 11 ’24. In the deal valued at $626.23 per share,701 shares were bought.
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Then, ROOS THOMAS E sold 2,851 shares, generating $1,624,734 in total proceeds. Upon selling the shares at $569.88, the Chief Accounting Officer now owns 29,501 shares.
Before that, McSweeney Erin sold 1,500 shares. Unitedhealth Group Inc shares valued at $868,538 were divested by the EVP & Chief People Officer at a price of $579.03 per share. As a result of the transaction, McSweeney Erin now holds 7,785 shares, worth roughly $4.79 million.
HSBC Securities downgraded its Unitedhealth Group Inc [UNH] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. Jefferies also remained covering UNH and has increased its forecast on July 17, 2024 with a “Buy” recommendation from previously “Hold” rating. RBC Capital Mkts maintained its rating on July 17, 2024. It rated UNH as “an Outperform”.
Price Performance Review of UNH
On Tuesday, Unitedhealth Group Inc [NYSE:UNH] saw its stock fall -1.69% to $614.67. Over the last five days, the stock has gained 8.40%. Unitedhealth Group Inc shares have risen nearly 16.75% since the year began. Nevertheless, the stocks have risen 13.57% over the past one year. While a 52-week high of $630.73 was reached on 11/11/24, a 52-week low of $436.38 was recorded on 04/12/24. SMA at 50 days reached $582.90, while 200 days put it at $530.80.
Levels Of Support And Resistance For UNH Stock
The 24-hour chart illustrates a support level at 610.80, which if violated will result in even more drops to 606.94. On the upside, there is a resistance level at 621.51. A further resistance level may holdings at 628.35. The Relative Strength Index (RSI) on the 14-day chart is 64.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 37.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.04%. Stochastics %K at 88.56% indicates the stock is a selling.
How much short interest is there in Unitedhealth Group Inc?
A steep rise in short interest was recorded in Unitedhealth Group Inc stocks on 2024-10-31, dropping by -0.8 million shares to a total of 7.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.86 million shares. There was a decline of -11.37%, which implies that there is a negative sentiment for the stock.