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BD Stock Might See Short-term Decline After Warning on Tamponade Tubes
ZACKS· 2025-05-30 15:16
Becton, Dickinson and Company (BDX) , popularly known as BD, along with its subsidiary C.R. Bard Urology and Critical Care, recently issued an urgent update regarding the use of its esophagogastric balloon tamponade tubes. These medical devices are used in emergency situations to control bleeding from enlarged veins in the esophagus and stomach by inflating balloons that apply pressure to the bleeding area.The warning comes considering one reported death and two serious injuries tied to complications during ...
This Is Why UnitedHealth Stock Bounced Back, But Is Better to Avoid
ZACKS· 2025-05-20 20:01
Core Viewpoint - UnitedHealth Group has faced significant challenges, including missed earnings expectations, withdrawal of full-year guidance, and ongoing legal issues, yet recent insider buying has improved market confidence in the stock [1][8]. Group 1: Stock Performance - UnitedHealth's shares increased by 8.2% to close at $315.89 after a 23% decline the previous week, making it the top gainer on the S&P 500 and Dow Jones Industrial Average [1]. - The stock is currently trading below both the short-term 50-day moving average and long-term 200-day moving average, indicating a bearish trend [9]. Group 2: Insider Transactions - CEO Stephen Hemsley purchased $25 million worth of UnitedHealth stock, acquiring 86,700 shares at an average price of $288.57 per share [2]. - CFO John Rex bought approximately $5 million of the company's stock, equal to 17,175 shares, at an average price of $291.11 [3]. - Other directors, including Timothy Flynn, John Noseworthy, and Kristen Gil, also participated in buying shares, suggesting confidence in the company's future [3]. Group 3: Financial Challenges - UnitedHealth is under investigation by the U.S. Department of Justice for potential Medicare Advantage billing fraud, which has negatively impacted its financial performance [4]. - The company suspended its 2025 outlook, indicating pressure on its business model [5]. - Operating expenses rose by 9.4% year over year in the first quarter of 2025, contributing to margin pressures [6]. - UnitedHealth carries a debt burden of $71.3 billion as of March 31, 2025, alongside high interest expenses [6]. Group 4: Market Comparison - UnitedHealth's stock has declined by 37.9% this year, while peers like Centene Corporation and Molina Healthcare have seen gains of 1.6% and 11.8%, respectively [7]. Group 5: Earnings Outlook - The Zacks Consensus Estimate for UnitedHealth's earnings per share (EPS) is $23.70, down by 23.3% from a year ago, reflecting ongoing financial difficulties [10].
Telsa chair, Robyn Denholm, sold stock worth $230 million as company profits plunged
New York Post· 2025-05-15 14:28
The chair of Tesla sold more than $230 million of company stock since Elon Musk’s endorsement of Donald Trump triggered boycotts and protests against his cars, sending its profits and stock price plunging.More than half of Robyn Denholm’s cash haul came from sales in the first four months this year as Tesla stock fell by one-third, according to filings reviewed by The Associated Press. In total, she unloaded hundreds of thousands of shares — more than half her holdings, as dictated by a pre-arranged selling ...