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UnitedHealth Group Inc stock closed at 466.42 USD, posting a sharp decline of 62.90 USD (-11.88%) over the past five days. This steep drop came majorly after it was reported on Friday that the Justice Department is investigating the healthcare giant’s Medicare billing practices in recent months .
On February 21 at 7:59 PM GMT-5, the stock experienced notable price swings, reaching a high of 469.70 USD and a low of 438.50 USD during the session. It opened at 439.55 USD. However, in the after-hours trading, UnitedHealth saw a minor dip of 0.44 USD (0.095%), bringing its price to 465.98 USD, suggesting continued caution among investors.
With a market capitalization of 42.92KCr, UnitedHealth remains one of the key healthcare companies, yet the sharp decline is a sign of caution for the company.
Disclaimer: This article is for informational purposes only and does not constitute any financial advice.