Spotlight on UnitedHealth Group: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
UnitedHealth Group (UNH) has seen a surge in options activity, with a significant bearish sentiment among investors. The options activity includes 17 puts and 7 calls, indicating a potential price movement between $300 and $660. The stock is currently trading at $572.63, with a slight decrease of 0.14%. Analysts have set an average target price of $591, and Cantor Fitzgerald has downgraded its rating to Overweight.
September 24, 2024 | 6:01 pm
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UnitedHealth Group is experiencing unusual options activity with a bearish sentiment, indicating potential price volatility. The stock is slightly down, and analysts have set a target price of $591.
The significant bearish options activity suggests investors expect a decline in UNH's stock price. The downgrade by Cantor Fitzgerald and the current trading price below the target also support a negative short-term outlook.
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IMPORTANCE 80
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