The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Unitedhealth Group Inc shares valued at $438,987 were sold by McSweeney Erin on Nov 11 ’24. At $626.23 per share, McSweeney Erin sold 701 shares. The insider’s holdings dropped to 7,105 shares worth approximately $3.55 million following the completion of this transaction.
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Also, McSweeney Erin purchased 701 shares, netting a total of over 438,987 in proceeds.
Before that, ROOS THOMAS E had sold 2,851 shares from its account. In a trade valued at $1,624,734, the Chief Accounting Officer traded Unitedhealth Group Inc shares for $569.88 each. Upon closing the transaction, the insider’s holdings decreased to 2,851 shares, worth approximately $14.74 million.
As published in a research note from HSBC Securities on October 17, 2024, Unitedhealth Group Inc [UNH] has been rated down from a Buy to a Hold. Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid October. As of July 17, 2024, Jefferies has increased its “Hold” rating to a “Buy” for UNH. Earlier on July 17, 2024, RBC Capital Mkts resumed its rating. Their recommendation was “an Outperform” for UNH stock.
Analyzing UNH Stock Performance
During the last five days, there has been a drop of approximately -6.34%. Over the course of the year, Unitedhealth Group Inc shares have dropped approximately -5.08%. Shares of the company reached a 52-week high of $630.73 on 11/11/24 and a 52-week low of $436.38 on 04/12/24. A 50-day SMA is recorded $576.05, while a 200-day SMA reached $538.50. Nevertheless, trading volume fell to 10.02 million shares from 14.1 million shares the previous day.
Support And Resistance Levels for Unitedhealth Group Inc (UNH)
According to the 24-hour chart, there is a support level at 488.30, which, if violated, would cause prices to drop to 476.88. In the upper region, resistance lies at 508.84. The next price resistance is at 517.95. RSI (Relative Strength Index) is 31.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -58.47, which suggests the price will decrease in the coming days. Percent R is at 83.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
