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
€252.60
1.710%
With 83 Buy predictions and 2 Sell predictions UnitedHealth Group Inc. is one of the favorites of our community.
With a target price of 332 € there is a positive potential of 31.43% for UnitedHealth Group Inc. compared to the current price of 252.6 €.
