Jim Cramer Says to Buy UnitedHealth Group Stock. Is He Right?
The "Mad Money" host says, "Buy it." Should you listen?
Jim Cramer Says to Buy UnitedHealth Group Stock. Is He Right?
Overview
After falling to $255 per share in late March, UnitedHealth Group (NYSE: UNH) stock has been on a heater. The leading health insurer has skyrocketed some 57% since March 30 and is currently trading at $408 per share. It went from being down 22% year to date as of March 30 to being up 24% year to date as of June 22.
The major catalyst for the recent spike is a move by the Centers for Medicare & Medicaid Services (CMS) to raise Medicare Advantage insurers' rates by 2.48% in 2027.
Details
And Jim Cramer, host of CNBC's Mad Money, thinks it has more room to run. He said on his show recently:
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
