Why is UnitedHealth Group stock price dropping? – Investing Abroad News
UnitedHealth Group CEO Andrew Witty resigned due to personal reasons, and the company suspended its 2025 guidance, with former CEO Stephen Hemsley taking over. These sudden developments were enough for the stock price of the healthcare company, UnitedHealth (NYSE: UNH) to slump nearly 18% on Tuesday.
A prominent constituent of the Dow-30 index, with a market capitalization of $284 billion, UnitedHealth is down by 38% YTD and by a similar margin over the last 1-year. UnitedHealth, once the potentially first trillion-dollar healthcare company, lost momentum following a cyberattack, and held 29% of the Medicare Advantage market in 2024.
Ademi & Fruchter LLP is examining potential securities fraud allegations against UnitedHealth. The…
