What the Options Market Tells Us About UnitedHealth Group
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards UnitedHealth Group (NYSE:UNH) as revealed by Benzinga's options scanner. The options activity is unusual, with 34 significant trades, including 10 puts and 24 calls. The price target for UNH is between $350 and $640. The stock is currently down 0.48% at $589.39, and analysts have set an average price target of $591.0.
September 16, 2024 | 7:15 pm
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UnitedHealth Group is experiencing unusual options activity with a bearish sentiment from investors. The stock is currently down 0.48% at $589.39, with analysts setting a price target of $591.0. This suggests potential volatility in the short term.
The significant bearish options activity indicates that investors expect a potential decline in UNH's stock price. The current price is close to the analyst target, suggesting limited upside. The unusual volume of options trades further supports the likelihood of short-term volatility.
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IMPORTANCE 80
RELEVANCE 100