This Is What Whales Are Betting On UnitedHealth Group
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) by a large investor or institution, as indicated by unusual options trades. The sentiment among these big-money traders is 83% bearish. The whales have been targeting a price range from $450.0 to $540.0 for UnitedHealth Group over the last 3 months. Cantor Fitzgerald and HSBC have downgraded their actions on UNH with price targets of $591 and $540 respectively.
October 02, 2023 | 5:01 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on UnitedHealth Group, with unusual options trades indicating a price target between $450 and $540. Analysts have downgraded their actions on the stock.
The bearish stance taken by a large investor or institution, as indicated by the unusual options trades, suggests a potential downward movement in the stock price. This is further supported by the downgrades from Cantor Fitzgerald and HSBC. Therefore, the short-term impact on the stock price is likely to be negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100