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Benzinga
Benzinga
Business
Vandana Singh

Why Is UnitedHealth Stock Trading Higher Friday?

UnitedHealth Michael Burry Warren Buffett UNH Group UnitedHealth Group Inc Insurance Amedisys Department
Minnetonka,,Mn - usa,-,August,13,,2015:,Unitedhealth,Group,Headquarters,Building.

UnitedHealth Group Inc. (NYSE:UNH) shares climbed Friday after high-profile investors Michael Burry and Warren Buffett took positions in the insurance giant, offering some relief to a stock that has tumbled about 41% year-to-date.

Warren Buffett’s fund bought little more than 5 million shares, and Burry disclosed in 13F filings that he purchased call contracts against 350,000 shares of UnitedHealth.

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