BUZZ-UnitedHealth dips after Bill Ackman says he would short in now-deleted post on X
ReutersFeb 5, 2025 3:28 PM
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
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