UnitedHealth Group Unusual Options Activity For August 29
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $300.0 to $540.0 for UnitedHealth Group over the last 3 months. Stephens & Co. has downgraded its action to Overweight with a price target of $560.
August 29, 2023 | 6:16 pm
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Unusual options activity indicates a bullish stance on UnitedHealth Group. The sentiment among big-money traders is split between 63% bullish and 36% bearish. The price target is set at $560 by Stephens & Co.
The unusual options activity, with a majority being bullish, indicates a positive sentiment towards UnitedHealth Group. This could potentially drive the stock price up in the short term. The price target set by Stephens & Co. further supports this bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100