UNH, UnitedHealth Group
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Barchart on MSNUnitedHealth Stock Soars as Warren Buffett’s Berkshire Hathaway Discloses $1.57B Stake
Beaten-down UNH is set to challenge its 50-day moving average after a major vote of confidence from the Oracle of Omaha.
Berkshire’s Big Bet on UnitedHealth Berkshire Hathaway’s (NYSE:BRK-A)(NYSE:BRK-B) release yesterday of its latest 13F filing sent ripples through the market as it revealed a new 5 million share stake in UnitedHealth Group (NYSE:UNH) worth approximately $1.
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UnitedHealth Group shares popped Friday after Berkshire Hathaway announced it purchased 5 million shares of the insurance giant.
UnitedHealth Group (NYSE: UNH) is a top health care stock with recent turbulence in earnings guidance, rising costs, and hedge fund activity.
Year to date, the stock has fallen by nearly 45%, which is by no means normal for the healthcare stock. In fact, this is the worst it has performed since the Great Recession, when it tumbled by more than 54% in 2008.