When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Over the past 3 months, 7 analysts have published their opinion on UnitedHealth Group (NYSE:UNH) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
Stocks had a winning week following better-than-expected earnings reports resulting in strong end-of-week gains. On Thursday, following earnings beats from big banks and other large companies, the S&P 500 Index (SPX) saw its best day since March, closing 1.7% higher, while the Nasdaq-100 (NDX) climbed 1.9%.