UnitedHealth stock was climbing on Friday. It’s one of the Dow’s 30 constituents, so the rebound is good news for the blue-chip index.
It’s been a nightmare week for the health insurer. Shares tanked Tuesday after it suspended its guidance and said its CEO would depart, and then plummeted again on Thursday after The Wall Street Journal reported that the Justice Department was investigating the company for possible criminal Medicare fraud.
UnitedHealth said it hadn’t been notified of the probe. “We stand by the integrity of our Medicare Advantage program,” the company said in a statement posted on its website.