Unitedhealth Group Inc’s recent filing unveils that its EVP & Chief People Officer McSweeney Erin unloaded Company’s shares for reported $0.44 million on Nov 11 ’24. In the deal valued at $626.23 per share,701 shares were sold. As a result of this transaction, McSweeney Erin now holds 7,105 shares worth roughly $4.02 million.
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Then, McSweeney Erin bought 701 shares, generating $438,987 in total proceeds.
Before that, ROOS THOMAS E sold 2,851 shares. Unitedhealth Group Inc shares valued at $1,624,734 were divested by the Chief Accounting Officer at a price of $569.88 per share. As a result of the transaction, ROOS THOMAS E now holds 29,501 shares, worth roughly $16.67 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 jump 0.82% to $565.19. Over the last five days, the stock has lost -6.62%. Unitedhealth Group Inc shares have risen nearly 7.35% since the year began. Nevertheless, the stocks have risen 2.80% 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 $585.47, while 200 days put it at $537.99.
Levels Of Support And Resistance For UNH Stock
The 24-hour chart illustrates a support level at 558.90, which if violated will result in even more drops to 552.60. On the upside, there is a resistance level at 569.62. A further resistance level may holdings at 574.04. The Relative Strength Index (RSI) on the 14-day chart is 40.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -34.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.25%. Stochastics %K at 18.22% 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 2024-11-29, growing by 0.86 million shares to a total of 7.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.06 million shares. There was a rise of 10.87%, which implies that there is a positive sentiment for the stock.
