Angelica Ballesteros
3 min read
In This Article:
We recently published an article titled Massive Sell-Offs Just Hit These 10 Stocks Today. In this article, we are going to take a look at where UnitedHealth Group Incorporated (NYSE:UNH) stands against the other stocks.
Wall Street’s main indices finished mixed on Tuesday, as investors digested the country’s latest inflation figures, which came out lower than expected.
On Tuesday, the Labor Department reported that the Consumer Price Index for April rose by only 0.2 percent last month, bringing the annual inflation rate to 2.3 percent, versus the 2.4 percent in March. It was the lowest annual rate since February 2021.
Only the S&P 500 and the tech-heavy Nasdaq registered gains among all major indices, up by 0.72 percent and 1.61 percent, respectively. The Dow Jones, on the other hand, was down by 0.64 percent.
Beyond the main indices, 10 firms lagged in performance amid negative news, sparking sell-offs.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
A senior healthcare professional giving advice to a patient in a clinic.
UnitedHealth Group Incorporated (NYSE:UNH) extended its losing streak for a sixth consecutive day on Tuesday, dropping another 17.79 percent to close at $311.83 apiece as investor sentiment was weighed down by news that its chief executive officer is stepping down.
In a statement on Monday, Andrew Witty said he will resign from his post due to "personal reasons." He will be replaced by Stephen J. Hemsley, who served as the company’s CEO from 2006 to 2017.
Although Witty will no longer be CEO, he will remain as senior advisor to Hemsley, who also chairs the company’s board of directors.
“We are grateful for Andrew’s stewardship of UnitedHealth Group, especially during some of the most challenging times any company has ever faced,” Hemsley said in a news release. “The Board and I have greatly valued his leadership and compassion as chief executive and as a director and wish him and his family the best.”
According to Hemsley, he expects the company to return to its "long-term growth objective of 13 to 16 percent.”
Overall UNH ranks 2nd on our list of Tuesday's worst performers. While we acknowledge the potential of UNH as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UNH but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
