UnitedHealth Chairman, Executives Sold Stock Before U.S. Probe Became Public, Bloomberg Reports
-- UnitedHealth Group Chairman Stephen Hemsley and three senior executives netted a combined $101.5 million from sales of company stock over four months leading up to when the public became aware of a federal antitrust investigation, Bloomberg News reports.
-- Bloomberg says sales of shares occurred between Oct. 16, a week after the health insurer reportedly received notice of a Justice Department probe, and Feb. 26, the day before the investigation was reported by numerous media outlets.
-- UnitedHealth hasn't explicitly acknowledged the probe and declined to say when Hemsley and the others were informed of it, Bloomberg reports, adding that when asked about the trades, a spokesperson said the directors and officers followed company protocols and received approval from the company.
Full article: https://www.bloomberg.com/news/articles/2024-04-11/unitedhealth-unh-executives-sold-stock-before-us-probe-became-public?
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
April 11, 2024 08:34 ET (12:34 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
What’s Happening in the Markets This Week
-
4 Top Dividend-Paying REIT Stock Picks
-
After Earnings, Is Netflix Stock a Buy, a Sell, or Fairly Valued?
-
P-CAPE: A Better Way for Investors to Estimate Future Returns
-
Which Stocks Have Driven the Stealth Large-Value Rally?
-
Forecasts for Q2 GDP Report Show a Healthy but Slowing Economy
-
5 Stocks to Buy as the Market Rally Broadens
-
4 Top US Travel Stock Picks
-
How Do Interest Rates Affect Stock Market Returns?
-
American Airlines Earnings: Ticket Distribution Misstep Affected Results
-
Going Into Earnings, Is Albemarle Stock a Buy, a Sell, or Fairly Valued?
-
3 Top Cybersecurity Stock Picks for Long-Term Investors
-
AbbVie Earnings: Firm Sees Strong Next-Generation Immunology Drugs Sales
-
Ford Earnings: Warranty Problems on Older Vehicles Slam Results
-
ServiceNow Earnings: Operating on a Higher Plane Within Enterprise Software