Stock of Day: UnitedHealth Group Shares Drop on Medicare Billing Probe
UnitedHealth Group stock fell as much as 13% after the WSJ reported an investigation by the DOJ. The probe focuses on United’s Medicare billing practices. UnitedHealth faces multiple investigations, including antitrust issues and a blocked buyout. The move: UnitedHealth Group stock tumbled as much as 13% to $438.50, exceeding the lows reached in December following…