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UNH
New York Post
26 days

UnitedHeath shares fall after health-care giant admits DOJ fraud probe into Medicare business

1. UNH shares fell after DOJ investigation announcement. 2. The company is cooperating with federal criminal and civil requests. 3. UnitedHealthcare covers over 8 million Medicare Advantage plan members. 4. Historically high revenue of $400 billion decreased post-forecast cut. 5. Stock has dropped 54% from last year's peak due to various pressures.

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FAQ

Why Bearish?

The DOJ investigation raises concerns about compliance, affecting investor confidence. For instance, similar past investigations led to stock declines in health sector stocks.

How important is it?

The DOJ investigation directly impacts UNH's business practices and financial forecasts, influencing stock performance.

Why Short Term?

Immediate investor sentiment is affected by the news, impacting stock price pre-financial reporting.

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