Check Out What Whales Are Doing With UNH
Portfolio Pulse from Benzinga Insights
A large bullish position on UnitedHealth Group (NYSE:UNH) has been observed, with 12 options trades spotted, split between 50% bullish and 50% bearish sentiment. Whales have been targeting a price range of $320 to $490 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.
June 07, 2023 | 8:17 pm
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A large bullish position has been observed in UnitedHealth Group (NYSE:UNH) options, with a 50% bullish and 50% bearish sentiment. Whales target a $320-$490 price range. Piper Sandler downgraded to Overweight with a $580 price target, while JP Morgan maintained an Overweight rating with a $562 price target.
The large bullish position observed in UNH options indicates that a significant investor or institution believes the stock will rise in the short term. The 50% bullish and 50% bearish sentiment among big-money traders suggests uncertainty, but the price targets from Piper Sandler and JP Morgan indicate a positive outlook for the stock. This combination of factors leads to a score of 1, with high relevance, importance, and confidence.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100