UnitedHealth Group Downgraded to Sell at CFRA

Watch UnitedHealth Group Downgraded to Sell at CFRA - Bloomberg on Dailymotion

Transcript

00:00Dinitza, what's on your radar?

00:01Let's start with UnitedHealth.

00:03We've been talking about some of the stocks being down today.

00:05That's definitely one of the big movers.

00:07Lower, we saw it fall as much as 6.7%.

00:10There have been so many negative news about the stocks lately.

00:15Today we have a report by The Guardian that the health insurance secretly paid nursing homes

00:20to reduce hospital transfers and nursing home residents who needed immediate hospital care

00:25under the program failed to receive it and there was actually interventions.

00:30By UnitedHealth staffers, this is reports so far.

00:33We had another report of investigation about Medicare fraud.

00:38We also had the company cutting and then suspending its annual forecast.

00:42So it feels like a year of bad news coming in just a couple of weeks.

00:47But it's very interesting that the company in February had just one sale rating.

00:52We had an amazing story on the terminal that UnitedHealth was one of the highest rated companies in Bloomberg.

00:59But now it's down 40% here today.