Brian Thompson killed: How is CEO’s death affecting United Healthcare’s stock?
The shooting of the CEO outside of a New York conference center will disrupt the country’s largest private healthcare provider.
Brian Thompson, the 50-year-old CEO of UnitedHealthcare, was fatally shot outside the New York Hilton Midtown in Manhattan. The shooting occurred around 6:45 a.m. local time as Thompson was arriving for an investor conference. Police are investigating the incident as a targeted attack, with the gunman still at large.
“We are deeply saddened and shocked at the passing of our dear friend and colleague Brian Thompson, the CEO of UnitedHealthcare,” the company said.
The United Health group took immediate action by canceling the investor day conference that was scheduled to take place at the hotel.
How stock in the company has been affected by the shooting
Overall there has been no big change in UnitedHealth Group’s fortunes. UNH’s stock price opened at $613.00 and reached a high of $620.98 during the day. The stock is seeing an increase of 1.40% from the previous close, trading at $613.51 at time of publication.
Prior to these events, the company had released its 2025 guidance, projecting sales between $450 billion and $455 billion, surpassing market expectations. The company also forecasted adjusted net earnings per share between $29.50 and $30.00 for 2025.
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The unexpected loss of a key executive, especially in such violent circumstances, often leads to short-term market reactions.
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