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Benzinga
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UnitedHealth Stock Falls As Department Of Justice Criminal Probe Expands To Optum Rx: Report

1. UNH's stock dropped 1.46% due to DOJ investigation reports. 2. DOJ's probe focuses on Optum Rx practices and Medicare Advantage billing. 3. UnitedHealth maintains confidence in its business practices amid investigations. 4. Company shares have declined over 40% this year; CEO resigned in May. 5. Current stock price is $300.43, significantly down from 52-week high of $630.73.

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FAQ

Why Bearish?

Investigations often lead to uncertainty and potential future liabilities. Historical cases, such as those involving health insurers, have shown sharp declines in stock prices during scrutiny.

How important is it?

The article discusses ongoing investigations impacting UNH directly, which influences investor sentiment and may drive stock price changes.

Why Short Term?

Immediate reactions to investigations typically influence stock prices quickly. However, if investigations yield favorable outcomes for UNH, recovery may occur in the longer term.

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