#UnitedHealth November 23
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Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on UNITED HEALTH.
In is amazing that many of the top companies in the United States got created in out of the way places not the big cities. That is the case for United Health whose stock symbol is UNH. It was founded in 1977 as United HealthCare Corporation by Richard T. Burke in Minnetonka, Minnesota.
UnitedHealth Group, had its initial public offering (IPO) on October 17, 1984. The company offered its shares on the Nasdaq Stock Market, marking its transition to a publicly traded company. Shares were trading for under $1.00 for the most of the 1980’s.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 23rd-United Health
UNH joined the Dow Jones Industrial Average (DJIA) on September 24, 2012 with its stock price hovering in the $55.00 range. On November 21, 2024 its price was $597.49. The company has had 5 stock splits since 1992. Investors who bought UNH stock in 1984, have seen total gains of nearly 373,000% over those 38 years.
The company can attribute its growth and success to acquisitions of various regional healthcare insurance providers beginning in the 1990’s. Those included names like Ramsey-HMO, The Metra Health Companies, Inc., and Health Wise of America. In 2022, United HealthCare is the second largest healthcare company in the country, behind only CVS (NYSE: CVS).
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