This Is What Whales Are Betting On UnitedHealth Group
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is 60% bullish and 40% bearish. The whales have been targeting a price range from $450.0 to $510.0 for UnitedHealth Group over the last 3 months. HSBC and Cantor Fitzgerald have downgraded their ratings to 'Hold' and 'Overweight' respectively, with price targets of $540 and $591.
September 25, 2023 | 6:17 pm
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POSITIVE IMPACT
Unusual options trading activity indicates a significant bullish stance on UnitedHealth Group. Despite downgrades from HSBC and Cantor Fitzgerald, their price targets suggest potential upside.
The bullish stance taken by a large investor, as indicated by the options trading activity, suggests confidence in UnitedHealth Group's performance. Despite the downgrades from HSBC and Cantor Fitzgerald, their price targets are higher than the current price, indicating potential upside. This could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100