UnitedHealth stock plummets
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Key Takeaways UnitedHealth Group shares rebounded modestly after the health insurer on Tuesday pulled its outlook and announced its CEO had stepped down, causing shares to plummet.Analysts from UBS, Oppenheimer,
Nvidia and AMD extend gains after the chip makers sign deals with Saudi Arabia, shares of Super Micro Computer surge for a second day, and UnitedHealth claws back some losses from the previous session.
UnitedHealth (NYSE:UNH) stock looks attractive - making it a good pick to buy at its current price of around $320.
UnitedHealth Group Incorporated's stock faces a steep decline amid leadership turmoil, regulatory pressures, and rising costs. Click to read why UNH is a Hold.
UnitedHealth Group (UNH) stock opened more than 2.5% higher on Wednesday following the previous session's staggering loss of 17.8%. The fallout from the largest private health insurer in the US suspending its guidance as it deals with higher than expected medical costs has sent shivers down the spines of institutional shareholders.
UnitedHealth has faced several headwinds in the recent past, ranging from a cyberattack, which had greater than initially realized impacts, to the tragic killing of its CEO, which caused the company to suffer harsh public backlash over the company's and industry practices.
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The AI server maker's stock gained almost 9% in premarket trading, following a big jump Tuesday as part of a broader tech rally. Raymond James analysts also gave Super Micro an "outperform" rating. ↗️
UnitedHealth shares fell 22.4% on April 17, wiping out about $119 billion of market value, after the insurer lowered its 2025 forecast.