UnitedHealth Group Inc. (UNH) stock has shown a notable recovery after holding the $240 support level twice, with the price reversing upward from this bottom. The stock, which previously reached 52-week highs around $630, is currently trading at a substantial discount. Recent trading activity saw UNH rise above the $300 mark in after-hours and overnight trading, hitting nearly $309. This rally represents a 28% increase from its low two weeks prior and contributed approximately 230 points to the Dow Jones Industrial Average. Analysts and investors anticipate further gains, with targets ranging between $330 and $350-$400 by next year. The stock is also set to open above its 50-day simple moving average for the first time in four months, signaling potential continued momentum. The company’s CEO demonstrated confidence in the stock by purchasing $25 million worth of shares in May. Market participants have been actively accumulating shares and long-term options (leaps) during the recent pullback, viewing the current price levels as a buying opportunity.