UnitedHealth (UNH) Stock Dips Sharply, Brushes Against 52-Week Low
Shares of UnitedHealth Group Inc (NYSE: UNH) faced significant selling pressure during the May 1st trading session, closing deep in negative territory. The healthcare giant finished the day at 400.68 USD, marking a substantial decline of 10.76 USD, or 2.62%.
The stock began the day near its previous close, opening at 411.32 USD and briefly reaching a high of 411.99 USD. However, momentum quickly turned negative, driving the price steadily lower throughout the session. A key point for investors occurred when UNH touched an intraday low of 399.86 USD. This price point is significant as it matches the established 52-week low for the stock, indicating considerable weakness compared to its performance over the last year. The previous closing price stood at 411.44 USD.
Minor downward movement continued after the official market close. In after-hours trading, UnitedHealth’s stock was quoted at 400.28 USD, down an additional 0.40 USD or 0.100%.
UnitedHealth remains a major component of the healthcare sector and the broader market. The data indicates a price-to-earnings ratio of 16.77 and a dividend yield of 2.10%. The day’s trading pushed the stock firmly towards the bottom end of its 52-week range, which spans from the low of 399.86 USD to a high of 630.73 USD.
