Decoding UnitedHealth Group's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish stance towards UnitedHealth Group (NYSE:UNH) through significant options activity. The trading activity suggests a price target between $500 and $520. The stock is currently up 1.74% at $506.11, with RSI indicators hinting at an overbought condition. Analysts have mixed ratings with a consensus target price of $578.0.
June 04, 2024 | 5:01 pm
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Significant options activity indicates a bullish sentiment towards UnitedHealth Group, with a price target between $500 and $520. The stock is currently up 1.74% at $506.11, and analysts have a consensus target price of $578.0.
The significant options activity, with a majority of calls over puts, suggests a bullish sentiment among investors. The current stock price increase and analysts' target prices further support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100