UnitedHealth Group Shares Tumble, Approaching 52-Week Low
Shares of healthcare and insurance provider UnitedHealth Group Inc, listed on the New York Stock Exchange under the ticker UNH, experienced a significant downturn during Monday morning trading.
As of 11:54 am GMT-4 on April 29th, UnitedHealth stock was trading at 412.80 USD. This marked a considerable decrease of 7.20 USD, or 1.71 percent, from the previous closing price of 420.00 USD.
The stock opened the session higher at 421.19 USD and briefly touched an intraday high of 421.75 USD shortly after the opening bell. However, this early strength quickly faded as selling pressure intensified, driving the shares consistently lower throughout the morning. The stock reached an intraday low of 412.30 USD, placing it just above its 52-week low. The accompanying one-day chart clearly shows this sharp decline after the market opened.
Key financial details for UnitedHealth include a market capitalization reported as 37.57KCr. The company’s Price to Earnings (P/E) ratio stands at 17.28. UnitedHealth provides shareholders with a dividend yield of 2.03 percent.
The current trading level is notable as it approaches the bottom end of the stock’s 52-week range, which spans from a low of 412.02 USD to a high of 630.73 USD.
