New York, NY – Shares of healthcare and insurance giant UnitedHealth Group Inc (NYSE: UNH) experienced a precipitous decline during the trading session on April 17th, marking one of the most significant single-day drops for the major corporation.
The stock closed the tumultuous day at 130.93, equating to a 22.38% decrease from the previous day’s close of $585.04. The severity of the sell-off was evident throughout the trading hours.
After opening significantly lower at $481.95, well below the prior close, UNH shares continued their downward trajectory. The stock reached an intraday high of only $489.79 early in the session before plunging to a daily low of $447.10. The market closed for UNH at 7:59 PM GMT-4.
Despite the massive losses during regular trading, there was a minor sign of stabilization in the after-hours market. UnitedHealth stock was seen trading slightly higher at $454.90, a modest gain of $0.79 (0.17%) from the official close.
This sharp drop brings the stock price considerably closer to its 52-week low of $438.50, and far from its 52-week high of $630.73. Following the day’s events, UnitedHealth’s Price-to-Earnings (P/E) ratio stands at 29.29, and the company offers a dividend yield of 1.85%. The market capitalization was reported as 41.54KCr. Investors are closely watching the healthcare sector leader following this significant market event.
