UnitedHealth Stock Hit 52-Week High in September: What’s Next?

UnitedHealth Group’s recent trading activity

On September 24, UnitedHealth Group (UNH) ended the trading day at $267.36. The stock was marginally up ~0.26% from its previous day’s closing price. It hit its 52-week high of $271.16 on September 7. UNH stock was trading at its 52-week low of $186 on October 13, 2017.

UnitedHealth Stock Hit 52-Week High in September: What’s Next?

Currently, UNH stock is trading higher than its 50-day moving average of $263.78 and its 200-day moving average of $246.11. It has risen ~0.51% over the last week and returned ~2% over the last month.

Developments triggering price movement in UNH stock

On September 24, before the market opened, Raymond James raised its target price for UNH stock, and the stock rose. On September 17, Cowen and Company initiated coverage on UNH stock with an “outperform” rating and a target price of $308. However, on September 10, Citigroup lowered its recommendation for UNH stock from “buy” to “neutral,” which triggered a ~3.1% fall that day. In September, UNH stock has declined ~0.7% to date. Year-to-date, it has risen ~21%.

Industry and market comparison

As of September 24, UnitedHealth Group stock has risen ~37% over the past year. In comparison, the Health Care Select Sector SPDR ETF (XLV), which represents the performance of the US healthcare industry, rose ~15.6%.

The broader stock market registered a one-year gain of ~17% as of September 24. Peers Cigna (CI), Anthem (ANTM), and Aetna (AET) returned 11%, 48.5%, and 33.2%, respectively, during that period.

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