Shares of UnitedHealth Group Inc. UNH, -4.11% dropped 3.7% in afternoon trading Thursday, enough to pace the Dow Jones Industrial Average’s DJIA, -0.47% components in declines. The $18.22 price decline in the health insurance company’s stock was shaving about 120 points off the price of the Dow, which was dropping 144 points, or 0.4%. In comparison, the S&P 500 SPX, -0.10% was up 0.1%. The selloff in UnitedHealth’s stock comes after peer Humana Inc. HUM, -19.38% slashed its estimate of 2022 Medicare Advantage membership growth, amid higher-than-expected terminations during the annual election period. Humana’s stock plunged 19.7%.
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A trader works on the floor of the New York Stock Exchange (NYSE), June 27, 2022. Brendan McDermid | Reuters...
