What the Options Market Tells Us About UnitedHealth Group
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards UnitedHealth Group (NYSE:UNH), as revealed by Benzinga's options scanner. Significant options activities were detected, with a notable amount of puts and calls. The price target for UNH ranges from $430 to $540. The stock is currently down 0.04% at $480.87, with RSI indicators hinting at an oversold condition. Analysts have mixed ratings, with an average target price of $582.33.
June 20, 2024 | 3:16 pm
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Deep-pocketed investors are showing a bearish stance on UnitedHealth Group (NYSE:UNH) with significant options activity. The stock is currently down 0.04% at $480.87, with RSI indicators hinting at an oversold condition. Analysts have mixed ratings, with an average target price of $582.33.
The significant bearish options activity suggests that investors are expecting a decline in UNH's stock price. The current price is slightly down, and RSI indicators suggest it may be oversold. Mixed analyst ratings add to the uncertainty, but the overall sentiment leans bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100