Why UnitedHealth Stock Imploded Last Month
Shares of UnitedHealth Group (NYSE: UNH) fell in May, finishing the month down 26.6%. The collapse came as the S 500 (SNPINDEX: ^GSPC) gained 5.5% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) gained 7.9%.
The troubled health insurance giant faced a series of damning reports and allegations of fraud and misconduct following the sudden departure of its CEO.
In May, UnitedHealth's then-CEO, Andrew Witty, announced he was stepping down, citing "personal reasons." The sudden loss of its CEO sent shockwaves through the company and signaled to investors the depth and scale of UnitedHealth's ongoing issues.
Source Fool.com
UnitedHealth Group Inc. Stock
€282.55
-2.640%
The stock is one of the favorites of our community with 73 Buy predictions and 2 Sell predictions.
As a result the target price of 351 € shows a positive potential of 24.23% compared to the current price of 282.55 € for UnitedHealth Group Inc..
