UnitedHealth Group’s CEO steps down
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UnitedHealth Group shares rebounded modestly Wednesday following yesterday's crash, with analysts from UBS, Oppenheimer, and Morgan Stanley leaving their ratings unchanged after the health insurer pulled its outlook and announced its CEO had stepped down.
UnitedHealth Group revealed on Tuesday that its CEO Andrew Witty is stepping down due to personal reasons. Witty would remain a senior advisor as he is replaced by former CEO and longtime company leader Stephen Hemsley, who has been board chair since 2017.
UnitedHealth has faced several headwinds in the recent past, ranging from a cyberattack, which had greater than initially realized impacts, to the tragic killing of its CEO, which caused the company to suffer harsh public backlash over the company's and industry practices.
UnitedHealth Group (UNH) stock opened more than 2.5% higher on Wednesday following the previous session's staggering loss of 17.8%. The fallout from the largest private health insurer in the US suspending its guidance as it deals with higher than expected medical costs has sent shivers down the spines of institutional shareholders.
UnitedHealth Group Incorporated stock drops after a rare earnings miss and CEO resignation. Click for the impact and potential buying opportunity in UNH at $335.
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Por MICHELLE CHAPMANEl director general de UnitedHealth, Andrew Witty, dejará su cargo por razones personales y la aseguradora de salud más grande del país suspendió su
UnitedHealth Group Chairman Stephen Hemsley is returning to helm the health care conglomerate once again. He will replace Andrew Witty effective immediately.
UnitedHealth Group Incorporated's stock faces a steep decline amid leadership turmoil, regulatory pressures, and rising costs. Click to read why UNH is a Hold.