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Barchart
Aditya Raghunath

Michael Burry Abandons UnitedHealth Stock With Shares Down 35% YTD. Should You Sell UNH or Buy the Dip?

UNH UnitedHealth Michael Burry Medicare Medicare Advantage Optum Health

Michael Burry, the investor who famously predicted the 2008 financial crisis, has eliminated his position in UnitedHealth Group (UNH) according to recent 13F filings. The quarterly filing states that Burry has liquidated 350,000 call options in UNH stock worth approximately $109 million that he held at the end of the second quarter. 

This exit comes as UnitedHealth shares have plummeted 36% year-to-date (YTD), making it one of the worst performers in the Dow Jones Industrial Average. The managed care giant has faced mounting pressures from rising medical costs across the industry and ongoing regulatory scrutiny.

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