UnitedHealth Group Incorporated (UNH) has risen sharply, recording gains of 1.1% in the past 4 weeks. However, the stock has corrected -0.08% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.29% and the 50-Day Moving Average is 1.77%. UnitedHealth Group Incorporated (NYSE:UNH): stock turned positive on Friday. Though the stock opened at $142.16, the bulls momentum made the stock top out at $143.14 level for the day. The stock recorded a low of $141.5 and closed the trading day at $142.88, in the green by 0.18%. The total traded volume for the day was 1,787,907. The stock had closed at $142.63 in the previous days trading.
The company Insiders own 1.65% of UnitedHealth Group Incorporated shares according to the proxy statements. Institutional Investors own 87.22% of UnitedHealth Group Incorporated shares. During last six month period, the net percent change held by insiders has seen a change of -1.39%. Also, Equity analysts at the Brokerage firm Argus Research upgrades its rating on UnitedHealth Group Incorporated (NYSE:UNH). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on July 22, 2016.
UnitedHealth Group Incorporated is a health and well-being company. The Companys business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various customers and markets. Optum is a health services business serving the health care marketplace, including payers, care providers, employers, Governments, life sciences companies and consumers. The Companys business platforms have four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. UnitedHealthcare includes UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State and UnitedHealthcare Global. OptumHealth is a health and wellness business serving the physical, emotional and financial needs of individuals. OptumInsight provides technology, operational and consulting services to participants in the health care industry. OptumRx provides a range of pharmacy benefit management (PBM) services.