United

Delta

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<p class="has-drop-cap">Three <a href="https://tokenist.com/investing/how-to-buy-stocks/" rel="noopener noreferrer nofollow" class="deco-link">stocks</a> are making significant moves today: American Airlines (NASDAQ: AAL), UnitedHealth Group Inc. (NYSE: UNH), and Marathon Oil Corporation (NYSE: MRO).</p>
<p>These companies have experienced notable price fluctuations due to various factors, including lowered guidance, executive departures, Medicaid business concerns, legal challenges, and a major acquisition announcement. This article will delve into each company’s situation and explain why these stocks are worth watching closely today.</p>
<h3 id="american-airlines-stock-plummets-following-lowered-guidance-and-executive-departure">American Airlines Stock Plummets Following Lowered Guidance and Executive Departure</h3>
<p>American Airlines stock dropped over 14% on Wednesday, falling below $11.50. The decline followed the company’s announcement of lowered guidance for the current quarter and a key executive’s departure, which caused investors’ concerns.</p>
<p>American Airlines <a href="https://americanairlines.gcs-web.com/static-files/4f22e85f-6b8d-491b-8d5f-86c2c764a0b3" target="_blank" aria-label="revised its second-quarter adjusted earnings guidance (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">revised its second-quarter adjusted earnings guidance</a> to $1 to $1.15 per share, down from the previous range of $1.15 to $1.45 per share. The company also expects its operating margin to be approximately one percentage point lower than anticipated. This downward revision indicates challenges in <a href="https://en.wikipedia.org/wiki/Available_seat_miles" target="_blank" aria-label="revenue per available seat mile (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">revenue per available seat mile</a>, which has impacted investor confidence in the airline’s near-term performance.</p>
<p>In addition to the lowered guidance, American Airlines <a href="https://avitrader.com/2024/05/29/chief-commercial-officer-vasu-raja-to-leave-american-airlines/#:~:text=American%20Airlines%20Group%20has%20released,Commercial%20Officer%20since%20April%202022." target="_blank" aria-label="announced (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">announced</a> that Chief Commercial Officer Vasu Raja is leaving the company. Raja’s departure and the revised outlook contributed to the company’s stock price drop. The news also had a ripple effect on other airline stocks, with Delta (NYSE: DAL) falling nearly 3% and United Airlines (NASDAQ: UAL) down 2%.</p>
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<h3 id="unitedhealth-stock-declines-amid-medicaid-concerns-and-legal-challenges">UnitedHealth Stock Declines Amid Medicaid Concerns and Legal Challenges</h3>
<p>UnitedHealth Group Inc. stock dropped as much as 6% following negative news regarding its Medicaid business. During the Bernstein 40th Annual Strategic Decisions Conference, an executive at the company <a href="https://www.investing.com/news/stock-market-news/unitedhealth-stock-falls-as-it-sees-disturbance-in-medicaid-business-432SI-3461266" target="_blank" aria-label="mentioned potential disturbances (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">mentioned potential disturbances</a> in its Medicaid operations.</p>
<p>The company’s Medicaid business has been undergoing a prolonged redetermination cycle, and some disturbances are expected around this process.</p>
<p>UnitedHealth is also facing a <a href="https://www.rochesterfirst.com/business/press-releases/accesswire/868360/levi-korsinsky-notifies-unitedhealth-group-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-unh/#:~:text=THE%20LAWSUIT%3A%20A%20class%20action,2022%20and%20February%2027%2C%202024." target="_blank" aria-label="class-action lawsuit alleging securities fraud (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">class-action lawsuit alleging securities fraud</a> related to improper firewall setups between its Optum and UnitedHealthcare units. Additionally, a recent cyberattack has affected the company’s operations, further compounding investor concerns.</p>
<p>The announcement of these challenges triggered a broader decline in the health insurance sector, affecting stocks like Centene (NYSE: CNC), Molina Healthcare (NYSE: MOH), and Humana (NYSE: HUM).</p>
<h3 id="marathon-oil-stock-surges-on-acquisition-announcement">Marathon Oil Stock Surges on Acquisition Announcement</h3>
<p>Marathon Oil Corporation stock rose more than 9% following the <a href="https://www.ft.com/content/94f8b1be-4ba6-42bb-aabc-7f1c7ca0f36b" target="_blank" aria-label="announcement (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">announcement</a> that ConocoPhillips has agreed to buy the company in an all-stock deal valued at $22.5 billion, including debt.</p>
<p>Under the terms of the agreement, Marathon shareholders will receive 0.255 shares of Conoco for each share they own, representing a 14.7% premium to Marathon’s closing share price on May 28.</p>
<p>The acquisition includes Marathon’s assets in North Dakota’s Bakken oilfield, Oklahoma’s Scoop Stack, Texas’s Eagle Ford, and New Mexico’s Permian Basin. This deal is part of a more <a href="https://tokenist.com/pioneer-exxon-merger-rumors-heat-up-as-shale-oil-looks-to-consolidate/" rel="noopener noreferrer nofollow" class="deco-link">significant consolidation trend in the US energy sector</a>, aiming to consolidate valuable shale resources.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-marathon-oil-unitedhealth-american-airlines/">Stocks to Watch Today: Marathon Oil, UnitedHealth, American Airlines</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Marathon Oil, UnitedHealth, American Airlines

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