UnitedHealth Group's (NYSE: UNH) stock price surged close to its all-time high to touch the $620 mark at 9:30 a.m. ET on December 4. That was right around when Group CEO Andrew Witty called off the company's Investor Conference at the Hilton Hotel in midtown Manhattan yesterday after Brian Thompson, CEO of the Group's insurance unit UnitedHealthcare, was fatally shot in front of the hotel.
Thompson, who served UnitedHealthcare for two decades and was appointed CEO in April 2021, was set to speak at the event. The suspect was described as a white male in black attire using a firearm with a silencer to fatally injure Thompson in a targeted attack, as reported by CNBC. Despite immediate medical assistance, the 50-year-old Minnesota resident succumbed to his gunshot injuries at the nearby Mount Sinai West Hospital. UNH stock price retreated to $608 (£477.96) yesterday but increased again to over $610 (£479.54) on December 5. The stock price has surged over 16% year-to-date (YTD).
