UnitedHealth Group Inc (UNH) shares entered oversold territory on Tuesday, trading as low as $484.71 per share. The Relative Strength Index (RSI) for UNH reached 29.1, indicating significant selling pressure, while the average RSI for dividend stocks is 52.9.
At the current price of $490.06, UNH offers an annual dividend of $6.60 per share, translating to an annual yield of 1.35%. This situation may present an opportunity for dividend investors as the stock price decline may yield higher returns.
