UnitedHealth Group reported robust first-quarter outcomes
Shares of UnitedHealth Group Inc (NYSE:UNH) are surging at the moment, after the blue-chip healthcare title’s first-quarter outcomes beat estimates, regardless of a cyberattack that’s projected to price the corporate as much as $1.6 billion this 12 months. Ultimately look, UNH was up 6.3% at $473.75, earlier as excessive as $479.95 and sending sector friends larger.Â
The inventory has but to fully get better its early-April bear hole, which occurred after the cyber occasion, although at the moment’s pop has serving to take away it farther from its April 12 two-year low of $436.38. Because the begin of the 12 months, the fairness is down roughly 10%.Â
To date within the choices pits, UnitedHealth inventory has seen 22,000 calls and 16,000 places exchanged, which is seven occasions the choices quantity sometimes seen at this level. The April 480 name is the preferred, adopted by the April 485 name, with new positions opening on the latter.Â
Analysts have but to chime in after the upbeat earnings report, although it isn’t that stunning contemplating 20 of the 21 in protection already carry a “purchase” or higher score, with only one a tepid “maintain.” Plus, the 12-month consensus value goal of $574.52 is a 20% premium to present ranges.Â
