Unpacking the Latest Options Trading Trends in UnitedHealth Group
Portfolio Pulse from Benzinga Insights
Investors are showing a bullish stance on UnitedHealth Group (NYSE:UNH) with significant options trading activity. Benzinga's options scanner detected 8 uncommon trades, with a sentiment split of 62% bullish and 37% bearish. The price target for UNH is between $505 and $590. The stock is currently trading at $579.68, up 0.35%, and may be approaching overbought territory. An analyst from Cantor Fitzgerald downgraded the stock to Overweight with a price target of $591.
August 19, 2024 | 2:15 pm
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Significant options trading activity in UnitedHealth Group (NYSE:UNH) indicates a bullish sentiment among investors, with a price target range of $505 to $590. The stock is currently trading at $579.68, up 0.35%. An analyst downgraded the stock to Overweight with a $591 target.
The detection of significant options trading activity, with a majority being bullish, suggests positive investor sentiment towards UNH. The stock's current price is near the upper end of the targeted range, indicating potential for further gains. The analyst downgrade to Overweight with a $591 target aligns with the options traders' expectations.
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