After falling to $255 per share in late March, UnitedHealth Group (NYSE: UNH) stock has been on a heater.
The leading health insurer has skyrocketed some 57% since March 30 and is currently trading at $408 per share
It went from being down 22% year to date as of March 30 to being up 24% year to date as of June 22. The major catalyst for the recent spike is a move by the Centers for Medicare & Medicaid Services (CMS) to raise Medicare Advantage insurers’ rates by 2.48% in 2027. And Jim Cramer, host of CNBC’s Mad Money, thinks it has more room to run.
He said on his show recently: Finally, we have UnitedHealth. It’s another managed care play that’s up for the same reason as Humana. The stock pulled back this afternoon, but the legendary CEO, Steve Hemsley, is back, and he’s so good.