UnitedHealth shooting weighs on health insurance stocks
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Contributor since / Followers
Contributor since / Followers
2 weeks ago
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- Shares of major health insurers lost ground Friday in the aftermath of the shooting death of the head of UnitedHealth Group’s (NYSE:UNH) UnitedHealthcare division earlier this week.
- UnitedHealth (UNH) shares closed 5% lower Friday, with Elevance (ELV) and CVS Health (CVS) shares dropping 3%. Centene (CNC) and Cigna (CI) shares slid about 2%, while Humana (HUM) shares declined nearly 1%.
- News of the death of UnitedHealthcare CEO Brian Thompson has shaken the healthcare industry. Thompson was gunned down early Wednesday in New York City in front of the hotel that was set to host UnitedHealth’s (UNH) annual Investor Day, which was scheduled to begin later that morning.
- As of Friday evening, the suspected gunman was still at large.