UnitedHealth stock trades in the green for eight straight sessions

UnitedHealth Group (NYSE:UNH) shares traded in the green on Wednesday for eighth consecutive day. The stock closed up 4.45% at $573.28.

UNH has gained about 18% in the last 12 months but YTD, the stock is trailing behind the broader S&P 500 market which rose 18.81% as compared to UNH’s gain of 4.3%.

The managed care giant beat Wall Street forecasts with its Q2 2024 results on Tuesday and raised its full-year forecast attributed to cyberattack impact to $1.90 – $2.05 from its previous estimate of $1.15 – $1.35 per share.

Looking at Seeking Alpha’s Quant Ratings, this company has a Hold rating with a score of 3.32 out of 5.

When it comes to Wall Street analysis, 19 out of 28 analysts recommend a Strong Buy, 7 recommend a Buy and 2 rate it as a Hold.

Seeking Alpha analysts have a Buy rating on the company.