UnitedHealth Group Unusual Options Activity For August 08
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among big-money traders is split between 45% bullish and 54% bearish. The price range targeted by these traders for UnitedHealth Group over the last 3 months is from $460.0 to $550.0. Deutsche Bank, UBS, Mizuho, and Wells Fargo have maintained their ratings on UnitedHealth Group with price targets ranging from $510 to $561.
August 08, 2023 | 8:31 pm
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Unusual options activity indicates a bearish stance on UnitedHealth Group. The sentiment among big-money traders is split, with a price target range of $460-$550. Ratings from Deutsche Bank, UBS, Mizuho, and Wells Fargo remain unchanged.
The unusual options activity, which is heavily skewed towards bearish sentiment, indicates that there may be a significant downward movement in the price of UnitedHealth Group's stock in the short term. This is further supported by the fact that the price target range of $460-$550 is below the current stock price. The unchanged ratings from major banks indicate that they do not foresee any significant changes in the company's performance that would affect the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100