UnitedHealth (UNH) Breaches 52-Week Low as Stock Tumbles Over 2%
UnitedHealth Group Inc (NYSE: UNH) shares broke through a significant technical level during afternoon trading in the United States on May 1st, hitting a new 52 week low. As of 1:28 pm GMT-4, the stock was priced at 403.11 USD.
This represents a substantial daily loss of 8.33 USD, equating to a 2.02 percent decline. The healthcare major’s stock fell steadily from its opening price of 411.32 USD and its previous close of 411.44 USD.
The intraday trading session saw UNH shares reach a low point of 400.52 USD. This level is particularly noteworthy as it precisely matches the listed 52 week low for the stock, indicating the shares traded at their lowest point in the past year during today’s session. The day’s high was recorded earlier at 411.99 USD.
Fundamental metrics for UnitedHealth include a market capitalization of 36.69KCr and a Price to Earnings (P/E) ratio of 16.87. The company offers a dividend yield of 2.08 percent.
The breach of the 400.52 USD level underscores the selling pressure on UNH. This yearly low stands in stark contrast to the stock’s 52 week high of 630.73 USD, highlighting the extent of the pullback the shares have experienced.
