UnitedHealth’s stock selloff chopping about 120 points off the Dow’s price

Shares of UnitedHealth Group Inc.
UNH,
-5.16%
dropped 3.7% in afternoon trading Thursday, enough to pace the Dow Jones Industrial Average’s
DJIA,
-0.44%
components in declines. The $18.22 price decline in the health insurance company’s stock was shaving about 120 points off the price of the Dow, which was dropping 144 points, or 0.4%. In comparison, the S&P 500
SPX,
+0.02%
was up 0.1%. The selloff in UnitedHealth’s stock comes after peer Humana Inc.
HUM,
-20.11%
slashed its estimate of 2022 Medicare Advantage membership growth, amid higher-than-expected terminations during the annual election period. Humana’s stock plunged 19.7%.