UnitedHealth Group Unusual Options Activity For May 31
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on UnitedHealth Group (NYSE:UNH), with 63% of detected trades having bearish expectations. Whales have been targeting a price range of $480 to $510 for UNH over the last 3 months. Piper Sandler downgraded its action to Overweight with a price target of $580, while JP Morgan maintained their Overweight rating with a price target of $562.
May 31, 2023 | 5:06 pm
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NEUTRAL IMPACT
Bearish whale activity detected in UnitedHealth Group (NYSE:UNH) options, with 63% of trades being bearish. Analysts maintain bullish price targets.
The bearish whale activity in UnitedHealth Group options may cause short-term volatility, but the overall impact on the stock price is neutral due to the bullish price targets set by Piper Sandler and JP Morgan. The stock is currently in a neutral position between overbought and oversold, according to RSI indicators.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100