Jim Cramer Says to Buy UnitedHealth Group Stock. Is He Right?
The "Mad Money" host says, "Buy it." Should you listen?
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.