Unitedhealth Group Nosedive Actions over 19% to touch the 5-year-old 5-year-old

Unitedhealth Group shares fell on Thursday to the five -year lowest level of the New York stock exchange after reports from the probe against the company.

Unitedhealth Group shares fell by more than 19 percent, reaching a low level of USD 248.88 per share.

This is why the Unitedhealth group reserves are falling today.

Why is the Unitedhealth group divide?

The Wall Street Journal in a recent report, citing unnamed people, said the US Department of Justice was investigating Unitedhealth A group of potential Medicare fraud.

The report added that the Department of Justice had a probe in the Medicare Advantage industry from at least last summer.

A few hours later, Unitedhealth published a statement, refusing to charge in the report.

“We were not notified by the Department of Justice of the alleged criminal investigation, without official assignment, in today’s Wall Street Journal,” he said.

By condemning the report, the company stated that he had the honesty of its Medicare program.

“The WSJ report is deeply irresponsible because it even admits that” the exact nature of potential criminal allegations is unclear. ” We stand out of our integrity Medicare’s advantage program.”

However, the statement did not do much to keep the mood of investors, which have been low over the last few sessions. The latest news increases the litany of the misfortunes of the health insurer, including many government inquiries, a sudden change in the highest leadership and an outstanding perspective in the face of rising medical costs.

Investors and analysts have noticed that although the details of the investigation were limited, they increased investors’ concerns.

“Actions are already in Kozon with investors, and additional uncertainty will only approach,” quoted James Harlow, senior vice president of Novare Capital Management, who owns the campaign in Unitedhealth.

Unitedhealth actions Donated daily to the last eight trade sessions, including sinking over 17 percent on Tuesday, when the company rapidly replaced its headmaster and suspended the guidelines in 2025. This week it lost over $ 110 billion of market value this week.

The sale last month destroyed almost $ 300 billion in Unitedhealth market capitalization, i.e. more than half of its value, because its shares reached a record level in November.

The price of the Unitedhealth group shares

Unitedhealth Group shares reached the five -year lowest level of USD 248.88 per item on Nyse, falling by 19.19 percent compared to the previous closing.

The shares fell by 14.52 percent to USD 263.29 per share at 9:04 IST. Over the past five sessions, the Unitedhealth group shares have dropped by as much as 31.74 percent, according to the data by the Marketwatch.