Is it the turn of Medical Company ?

UnitedHealth Group’s stock dropped as much as 17% on Thursday and ended the day over 11% lower. This was the lowest the stock has been in five years and means it has fallen more than 50% in just the past month. The company is facing several negative news stories that are worrying investors.

The big drop on Thursday came after a Wall Street Journal report late Wednesday said UnitedHealth is under a criminal investigation for possible Medicare fraud. In response, UnitedHealth released a statement calling the report "deeply irresponsible" and said the investigation is only "supposed," not confirmed. The company also said it trusts the honesty of its Medicare Advantage program.

Earlier in the week, on Tuesday, UnitedHealth surprised investors by announcing that its former CEO, Stephen Hemsley, would take over again, replacing Andrew Witty, who had been CEO since 2021. This news caused the stock to drop nearly 20%. The company also pulled its financial forecast for 2025 when it made this leadership change.