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UnitedHealth Group (UNH) Soars 3.29% on CEO Transition
Generated by AI AgentAinvest Movers Radar
Wednesday, May 14, 2025 5:02 am ET1min read
On May 14, 2025, UnitedHealth Group's stock rose by 3.29% in pre-market trading, indicating a positive shift in investor sentiment.
UnitedHealth Group announced that its CEO, Andrew Witty, has stepped down due to personal reasons. The company's board chairman, Stephen Hemsley, will take over as the new CEO. Hemsley expressed gratitude for Witty's leadership during challenging times and wished him well. Witty will continue to serve as a senior advisor to Hemsley.
The company has also suspended its 2025 financial outlook due to higher-than-expected costs associated with its Medicare Advantage plans.
expects to return to growth in 2026, focusing on improving healthcare and achieving long-term growth targets.In addition to the leadership change, UnitedHealth Group reported lower-than-expected first-quarter earnings and revised its 2025 earnings per share (EPS) forecast downward. The company aims to address these challenges and restore investor confidence in the coming years.
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