UNH stock performance
UnitedHealth Group (UNH) stock recorded a rise of ~3.5% on April 17, as the company posted strong 1Q18 results. On April 19, UNH stock closed at $235.76 per share. The company beat analysts’ estimates for its sales, earnings, and profit estimates and raised its fiscal 2018 outlook. UNH stock is trading higher than its 50-day moving average of $224.87 and its 200-day moving average of $220.79.
UNH stock was trading at its 52-week high of $250.79 on January 29, 2018. On the next day, UNH stock fell ~4.2%—along with other healthcare companies’ stocks—on the news of Berkshire Hathaway (BRK.B), Amazon (AMZN), and J.P. Morgan (JPM) creating a partnership that aims to reduce their employee healthcare costs.
UNH stock traded at its 52-week low of $166.65 on May 17, 2017. Over the last year, UnitedHealth Group stock has provided returns of ~39.3%. Year-to-date, the stock has registered a rise of ~7.0%. In the last three months, UNH stock has decreased ~3.0%.
UnitedHealth Group outperformed the broader healthcare industry over the past 12 months. The Health Care Select Sector SPDR ETF (XLV), which is representative of the US healthcare industry, rose ~11.4% over the last year.
The broader market, which is represented by the S&P 500 Index, returned ~15.0%. This shows that UNH stock has provided returns higher than the broader market as well as the industry’s average returns over the last 12 months.