UnitedHealth stock plummets
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Stocks traded mostly higher Tuesday following the release of new data that showed U.S. inflation at the consumer level cooled in April. The consumer price index rose 2.3% year-over-year, the lowest reading since February 2021.
The euphoria over the US-China trade truce began to fade as investors digested the latest reading on consumer prices.
UnitedHealth Group (UNH) stock plunged amid CEO resignation and rising medical costs leading to sector-wide selloff in managed care stocks. Read more here.
UnitedHealth's stock was down a whopping $66.68, or 17.6%, in recent trading after the insurer suspended its 2025 guidance and its CEO stepped down. That price decline wiped a
UnitedHealth Group (UNH) stock slumped 10.4% in Tuesday's premarket after the United States' largest private health insurer said it would suspend guidance for 2025 due to increasing healthcare costs. The sell-off sent shares down to a more than four-year low near $340.
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UnitedHealth shares fell 22.4% on April 17, wiping out about $119 billion of market value, after the insurer lowered its 2025 forecast.