The shares of UnitedHealth Group Incorporated (NYSE:UNH) dropped by -7.57% or -$21.81 from its last recorded high of $287.94 which it attained on April 12 to close at $266.13 per share. Over the past 52 weeks, the shares of UnitedHealth Group Incorporated has been trading as low as $208.48 before witnessing a massive surge by 27.65% or $57.65. This price movement has led to the UNH stock receiving more attention and has become one to watch out for. It dipped by -0.33% on Thursday and this got the market worried. The stock’s beta now stands at 0.85 and when compared to its 200-day moving average and its 50-day moving average, UNH price stands 4.29% above and 2.33% above respectively. Its average daily volatility for this week is 1.77% which is less than the 2.25% recorded over the past month.
UnitedHealth Group Incorporated (UNH) rose 1.79% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 8.53% and is now up by 6.83% since start of this year. A look at its monthly performance shows that the stock has recorded a 11.66% gain over the past 30 days. Its equity price climbed by 1.5% over the past three months which led to its overall six-month increase to stand at 4.87%.
Experts from research firms are bullish about the near-term performance of UnitedHealth Group Incorporated with most of them predicting a $305.61 price target on a short-term (12 months) basis. The average price target by the analysts will see a 14.83% rise in the stock and would lead to UNH’s market cap to surge to $294B. The stock has been rated an average 1.6, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 25 analysts that track UnitedHealth Group Incorporated (NYSE:UNH) and find out that 1 of them rated it as a Hold. 24 of the 24 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
A look at UNH technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 63.74 point. Its trading volume has lost -1313605 shares compared to readings over the past three months as it recently exchanged 2866395 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 4180000 shares, and this is 0.69 times the normal volume.
Analysts have predicted a price target for Snap Inc. (SNAP) for 1 year and it stands at an average $7.39/share. This means that it would likely increase by 19.77% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $4. On the other hand, one analyst is super bullish about the price, setting a target as high as $13.