The actions of UnitedHealth fill an bearish gap while the market considers that an apartment has already been reached

  • UNH shares rise more than 7%, closing the bassist GAP on May 15.
  • The new CEO Stephen Hemsley buys UNH shares worth 25 million dollars.
  • Shareholders are still waiting for news for the investigation of the Department of Justice on UnitedHealth.
  • The US market collapses largely due to Moody’s’s reduction to US government debt.

UnitedHealth Group (UNH), The largest private health insurance in the United States (USA), has seen its action price increase more than 7% on Monday to fill the hole created by the fall of May 15. Now quoting over $ 314, the daily chart portrays a massive sale that has probably reached its lowest point and has now started a long journey towards a consolidation period.

Wall Street analysts have largely reduced their price objectives for UNH shares between $ 350 and $ 400.

The Dow Jones industrial average (DJIA) remains largely sustained slightly by UNH’s profits, while the S&P 500 and Nasdaq Composite fall moderately down while the market deals with the repercussions of the Moody’s reduction to US debt late Friday.

News about the actions of UnitedHealth Group

UNH shares have fallen in the last month since mid -April, when United cut their profits by 2025 in approximately 12% before completely suspending the guide last week before the replacement of its CEO.

However, the former president and newly appointed CEO Stephen Hemsley bought more than 25 million dollars in UNH shares on Friday, according to documents presented to the Bag and Securities Commission (SEC). The 86,700 shares that Hemsley bought were acquired at an average price of $ 288.57 and reinforced the bullish instincts that the minimum of five years on Thursday at 248.88 $ was the fund.

In addition, three directors bought a total of 1.6 million dollars in shares in Wednesday and Thursday, and the CFO John Rex bought another 17,200 shares on Friday. This high level of purchases by Insiders tells the market that company executives do not expect recent news to be unsurpassed.

Last week, according to The Wall Street Journal, the US Department of Justice opened a fraud investigation into the Medicare Advantage business by Unitedhealth. The article suggests that regulators are considering whether the company added unnecessary diagnoses to the medical records of some patients.

Unitedhealth Group actions forecast

The actions of UnitedHealth Group have risen above the minimum of May 14 in 307.11 $ on Monday. This fills the hole created by the much lower opening than May 15.

Now quoting above $ 314, UNH shares have exceeded the Fibonacci extension of 161.8% who briefly supported avalanche during the previous week. The next objectives for the bullies are in the fibonacci setback of 161.8% (not shown) at $ 334.76, the maximum of May 13 in $ 342 and then the minimum of May 12 in 376.84 $. Markets love to fill holes, so the setback at 376.84 will be an important point of interest.

UNH DAILY ACTION GRAPH

UNH DAILY ACTION GRAPH

Source: Fx Street

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