UNH Lost 50% YTD! Can We But the Dip Right Now?
@Tiger_comments:
$UnitedHealth(UNH)$ has faced one blow after another this year. First, a top executive was shot. Then, the company missed earnings expectations. The CEO resigned, and the company withdrew its full-year guidance. This week, it was revealed that the company is under criminal investigation for alleged Medicare fraud.These successive shocks have sent the stock price plummeting from $620 to $250 within a month—a 33% drop this month alone and a year-to-date decline of over 55%.In the short term, the stock may be oversold, but it’s hard to rule out further downside if more news about criminal charges emerges.Did the Options Market Know First? How Credible Is the Criminal Allegation?Before The Wall Street Journal published its story, someone secretly short