BUZZ-UnitedHealth dips after Bill Ackman says he would short in now-deleted post on X

Reuters

Feb 05, 2025

** Shares of healthcare conglomerate UnitedHealth UNH.N fall 2.65% to $530.97

** Billionaire investor Bill Ackman, in a now-deleted post on social media platform X, said he would take a short position if he "still shorted stocks", referring to UNH's health insurance unit, UnitedHealthcare

** Ackman also said the company's profits are likely overstated due to its coverage decisions

** UnitedHealth did not immediately respond to Reuters' request for comment

** The murder of UnitedHealthcare CEO Brian Thompson had sparked conversations outpouring anger from Americans frustrated over their dealings with health insurers related to medical care denials

** Stock fell ~4% in 2024

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

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