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

Updates

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

Any claims that health insurers, which typically have low- to mid-single digit margins, can somehow over-earn are grossly uninformed about the structure and strong regulatory oversight of the sector, UNH says

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