Smart Money Is Betting Big In UNH Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards UnitedHealth Group (UNH) based on options activity, with a significant number of puts compared to calls. The options activity suggests a target price range of $440 to $600 for UNH over the next 3 months. Despite this, one analyst from Stephens & Co. has a price target of $605 and rates UNH as Overweight. UNH's current market status shows a trading volume of 3,338,251 with a price decrease of -4.93%, and an earnings announcement is expected in 44 days.
February 28, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
UnitedHealth Group shows bearish options activity with a significant number of puts, suggesting potential downward pressure. However, an Overweight rating from Stephens & Co. with a $605 target provides a positive outlook.
The bearish sentiment from options traders could exert short-term downward pressure on UNH's stock price. However, the analyst rating from Stephens & Co. indicates a belief in the company's longer-term potential, which could mitigate some of the negative sentiment. The upcoming earnings announcement will be crucial for determining the stock's direction.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100