The Department of Labor has sued UnitedHealthcare Insurance Co. (NYSE: UNH), claiming that they are fraudulently disregarding mental health insurance claims from consumers. If the case is ruled against United Healthcare, they would be required to reprocess tens of thousands of past claims.
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.
Exercise equipment and media company Peloton Interactive (NASDAQ: PTON) has two new company developments that could help boost shares that are down 22% year-to-date.
Peloton Interactive, Inc. (NASDAQ: PTON) shares are trading higher after the company, along with UnitedHealth Group Incorporated (NYSE: UNH), announced eligible UnitedHealthcare members will be able to access thousands of