UNITEDHEALTH FALLS AFTER BERKSHIRE SELLS STAKE IN HEALTH INSURER
- NEWS Desk Global
- 8 hours ago
- 1 min read
UnitedHealth shares fell more than 2% on Monday after Berkshire Hathaway disclosed it had sold its stake in the healthcare conglomerate as a part of a portfolio reshuffling in the first quarter under CEO Greg Abel.
In August last year, Berkshire Hathaway disclosed it bought 5 million shares of UnitedHealth, which had then lifted the stock as investors bet on a turnaround under CEO Stephen Hemsley. On Friday, Berkshire said it has exited its position in the health insurance behemoth.
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