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- UnitedHealth Group (NYSE:UNH), whose stock has struggled of late, closed up 8.2% on Monday, marking its largest-one day gain since 2020.
- Volume of 59.5M shares was well above the average of 11.4M.
- There was news or other major developments impacting UnitedHealth on Monday. Investors, however, may have seen a beaten down stock with strong fundamentals and took advantage of purchasing shares at a discount.
- Despite the gain, the insurer is still down ~40% year to date.
- The stock’s latest misfortunes began in mid-April when it released disappointing Q1 financial results and cut guidance for 2025.