UnitedHealth's Trading Volume Surges 349% to Rank Third Amid CEO Resignation and Forecast Suspension

On May 13, 2025, UnitedHealth's trading volume reached 187.80 billion, marking a 349.12% increase from the previous day, placing it third in the day's stock market rankings. UnitedHealth's stock price fell by 17.79%, marking the sixth consecutive day of decline, with a total decrease of 23.08% over the past six days.

UnitedHealth Group announced that its Chief Executive Officer, Andrew Witty, has resigned effective Tuesday. The company also suspended its annual forecast due to unexpected medical costs. This sudden leadership change and the withdrawal of financial guidance have raised concerns among investors about the company's future performance and stability.

In response to the CEO's departure and the suspension of the forecast, UnitedHealth Group has appointed former CEO Stephen Hemsley to take over the leadership role. This move is seen as an attempt to stabilize the company during this period of uncertainty. However, the market reaction has been negative, with shares of UnitedHealth Group experiencing a significant decline in premarket trading.

The company's decision to suspend its 2025 forecast is attributed to surging medical costs, which have exceeded expectations. This development has added to the challenges faced by UnitedHealth Group, which has already experienced a string of setbacks, including the sudden resignation of its CEO. The company's shares have been under pressure as investors grapple with the implications of these developments on the company's financial health and future prospects.