Why UnitedHealth Stock Is Imploding Today
Shares of UnitedHealth Group (NYSE: UNH) are falling on Thursday. The company's stock has plummeted 15% as of 11:33 a.m. ET but lost as much as 19.2% earlier in the day. The collapse comes as the S 500 gained 0.1% and the Nasdaq Composite fell 0.4%.
The troubled health insurance giant is facing reports of a Department of Justice (DOJ) investigation into possible Medicare fraud.
The Wall Street Journal reported late Wednesday that the DOJ's healthcare fraud unit is conducting a criminal investigation into the company for possible Medicare fraud. According to the report, the investigation has been ongoing since at least last summer.
Source Fool.com
UnitedHealth Group Inc. Stock
€288.55
-0.570%
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 21.64% compared to the current price of 288.55 € for UnitedHealth Group Inc..
