UnitedHealth Lower Off NYT Article Claiming Suit For Overbilling Medicare

UnitedHealth Group Inc UNH shares are trading lower by $6.50 (4 percent) at $157.13 in Friday's session. Investors are exiting the issue after an article appeared in The New York Times regarding a lawsuit that says the company overbilled Medicare for years.

Two days removed from making a new all-time high ($164.97) and three days removed from an all-time closing high ($164.29), the issue is $7.00 lower from those levels.

After a lower open, UnitedHealth managed a brief rally that came well short of the lower-end of Thursday's range ($162.33), only reaching $160.16. From there, the ensuing decline has taken the issue to $156.50 and now it's attempting to remain in the $157.00 handle. That low coincides with its January 23 low of $156.56.

Loading...
Loading...
UNH Logo
UNHUnitedHealth Group Inc
$309.491.88%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
9.67
Growth
46.56
Quality
56.79
Value
42.95
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...