Unitedhealth Group Inc’s filing revealed 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 $3.65 million.
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 $15.17 million.
Truist reiterated its Unitedhealth Group Inc [UNH] rating to a Buy in a research note published on January 06, 2025; the price target was $610. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Hold”. KeyBanc Capital Markets began covering UNH with “an Overweight” recommendation on October 11, 2024. Jefferies revised its rating on July 17, 2024. It rated UNH as “a Buy” which previously was an “a Hold”.
Price Performance Review of UNH
On Tuesday, Unitedhealth Group Inc [NYSE:UNH] saw its stock jump 0.11% to $514.25. Over the last five days, the stock has gained 1.27%. Unitedhealth Group Inc shares have risen nearly 1.66% since the year began. Nevertheless, the stocks have fallen -4.30% over the past one year. While a 52-week high of $630.73 was reached on 01/06/25, a 52-week low of $436.38 was recorded on 01/02/25. SMA at 50 days reached $559.24, while 200 days put it at $539.71.
Levels Of Support And Resistance For UNH Stock
The 24-hour chart illustrates a support level at 510.48, which if violated will result in even more drops to 506.71. On the upside, there is a resistance level at 518.76. A further resistance level may holdings at 523.27. The Relative Strength Index (RSI) on the 14-day chart is 42.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.60%. Stochastics %K at 80.27% 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 2024-12-13, dropping by -1.7 million shares to a total of 6.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 8.14 million shares. There was a decline of -26.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 17, 2024 when RBC Capital Mkts resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $615.
