Stock taking nose dive slowly. . . Not sure what the bottom is, this time? 52 wk low was @200$ so there’s that. After the layoffs, should go back up- IF they don’t claim bankruptcy
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Market crashing today because of coronavirus .. Its not just uhc stock
Ouch. Feel the bern
Still trading on politics art the moment. The insurers all trading in tandem. If Bloomberg is the choice of the moderate dems it will be a dogfight with bernie. Will see how super Tuesday goes and how Bloomberg debates but right now this is good for uhg.
Stocks are up in spite of the company's removing itself from the affordable care act exchanges which they could not make any money on. Their products on the exchanges were too expensive for individuals to purchase so no one went for them. They lost $702,000,000 which coincides with the layoffs starting in 2017 and currently. The company has to recoup the losses from the exchanges on the backs of the employees who they do not consider as customers, only the members who purchase their products and use services. Employees are all expendable. The losses were reported in financial times. Greed gets no one any good in the end.
Over $300 today....
Well, at least you can day trade it until it shoots up 📈🤞fingers crossed, again.
Trump is going to win in 2020. So buy low. The stock is est. to @330-337
Lol it's a cut in a projected budget that is nearly doubling mandated spending on Medicare. We sure have redefined what a cut is in this era of ever rising entitlement spending. Though I would no doubt uhg using it as an excuse to further cut jobs just like the health insurance tax that never impacted them.
It is obvious what is going on. Sales are growing by 7%. The stock is at 16 times cash flow. They have changed the business model. Optum has a higher margin than UNH so they went with Witty who is going with the Optum concept. The problem is that the cash flow has suffered. They need the layoffs because of the bad cash flow. Is this temporary or permanent? There was too much M and A that apparently hasn’t panned out. The politics is secondary. They are tinkering with the business plan and the whole US system is in flux. There will be lots of volatility. Don’t rely on these shares if you don’t have a job.
It only went up due to warren fading and the mkt rise since October. A major gift to sell on.. It will get hit again now that Sanders is the front runner. But buy the stock on the next drop cause trump gets reelected.
After trump 2nd term is when things get real dicey for uhg and the stock. Public option will come at some point.
Go ahead sell your stock. You don't even know why it's going down temporarily. Obviously you aren't good with stocks.
They know the party's over and single payer could very likely soon be a reality in the US. Putting their eggs and other baskets now. Stock has only one way to go now, down.
ID: @sbn+13rFLeA1 Thanks. Buy low, right?
Like we expected anything else
Not exactly. UH has more money than its ever had in the history of the company. The stock was up to $300 dropped back down to $270s and then rocketed back up to the $290s. Its only just started trickling back down into the $280s.
Most of this is due to politics and the Dems vs Reps in that the Dems are pushing for socialized medicine which would drastically hurt the big insurance business. Thats why on one of the most recent Town Halls they were talking politics and trying to influence voters :x