The Unitedhealth Group (UNH) action had one of its worst days of all time on Thursday after the health giant has unexpectedly reduced its prices for the year.
The Unitedhealth action fell by more than 22% on Thursday, its greatest daily decrease since 1998. Thursday has marked the fourth day of the company in Wall Street since its appearance in 1984.
The precipitated decline of Unitedhealth rushed to the stock market. Colleagues Insurer Humana (HUM) and Elevance Health (ELV) fell 7.4% and 2.4% respectively. And Unitedhealth, the most expensive action of the industrial average of Dow Jones weighted according to the prices, harmed around 789 points from the first order index, which dropped by 1.3%; If Unitedhealth Stock had not moved today, the DOW would have increased by 262 points, or 0.7%.
The United Headhealth crisis has erased around $ 120 billion on its market capitalization, which places it among the most expensive stock markets of all time. This is the kind of decrease in wealth division which is rarely observed outside the technology sector, where companies’ assessments are supported by growth expectations that can be balloon and, in times of crisis, POP. Meta (Meta), for example, became the first company to lose more than $ 100 billion in a single day in 2018 after the company – then called Facebook – said disappointing quarterly income.
In defensive sectors such as health care and staple, companies generally lose this type of market value over long periods of slow drop. The giant of the Walgreens Boots Alliance (WBA) pharmacy and the cosmetics giant Estée Lauder (EL), for example, have each lost about 100 billion dollars of value in the last 10 and 3 years, respectively, because they have had trouble facing sales.
Admittedly, Unitedhealth, with a market capitalization of $ 535 billion, was the 14th company of the S&P 500 before the session on Thursday, which gives it a lot of market value to lose. Apart from the technological sector, only Berkshire Hathaway (BRK.B), Eli Lilly (Lly), Walmart (WMT), JPMorgan Chase (JPM) and Visa (V) were worth more Thursday. However, companies the size of United Handhealth often exploits stable companies that require a massive shock, such as COVID-19, to undergo the type of sale seen Thursday.
