Large Inflow of Money Detected in UnitedHealth Group Incorporated

UnitedHealth Group Incorporated (UNH) : Investors lapped up stocks on upticks to the tune of $80.58 million in the Tuesdays trading session. The trading value on downticks was comparatively at $47.64 million and the uptick to downtick ratio of 1.69 indicates continuous buying by the bulls. The net money flow into the stock was $32.94 million. The block trades were dominated by the bulls with a healthy 7.34, uptick to downtick ratio. Only $4.68 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $34.38 clearly indicating buying by large investors. The total money flow for block trades stood at $29.69 million, which is a positive for the stock in the long-term. UnitedHealth Group Incorporated (UNH) fell $0.4 during the day at $136.87, a drop of -0.29% over the previous days close. However, for the week, the stock is 0.18%, compared to the previous week.


Also, Argus Research upgrades its rating on UnitedHealth Group Incorporated (NYSE:UNH). Analysts at the Argus Research have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on July 22, 2016.

UnitedHealth Group Incorporated has lost 3.62% in the last five trading days and dropped 4.63% in the last 4 weeks. UnitedHealth Group Incorporated is up 2.2% in the last 3-month period. Year-to-Date the stock performance stands at 17.36%.

UnitedHealth Group Incorporated (NYSE:UNH): The stock opened at $137.01 on Tuesday but the bulls could not build on the opening and the stock topped out at $137.69 for the day. The stock traded down to $136.24 during the day, due to lack of any buying support eventually closed down at $136.87 with a loss of -0.29% for the day. The stock had closed at $137.27 on the previous day. The total traded volume was 2,026,603 shares.

In a related news, The Securities and Exchange Commission has divulged that Ballard William C Jr, director of Unitedhealth Group Inc, had unloaded 5,000 shares at an average price of $138.58 in a transaction dated on June 16, 2016. The total value of the transaction was worth $692,900.

UnitedHealth Group Incorporated is a health and well-being company. The Companys business platforms include UnitedHealthcare and Optum. UnitedHealthcare provides health care benefits to various customers and markets. Optum is a health services business serving the health care marketplace, including payers, care providers, employers, Governments, life sciences companies and consumers. The Companys business platforms have four segments: UnitedHealthcare, OptumHealth, OptumInsight and OptumRx. UnitedHealthcare includes UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State and UnitedHealthcare Global. OptumHealth is a health and wellness business serving the physical, emotional and financial needs of individuals. OptumInsight provides technology, operational and consulting services to participants in the health care industry. OptumRx provides a range of pharmacy benefit management (PBM) services.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.