UnitedHealth stock price plummeted by about 15%: CEO Widit resigned, profit expectations cancelled.

In the early trading session on Tuesday Eastern Time, the stock price of UnitedHealth Group dropped sharply by about 15%, after the company announced that CEO Andrew Witty will be stepping down and withdrew its earnings forecast for 2025. The company stated that Witty is leaving for "personal reasons" and will be replaced by Stephen Hemsley. Hemsley previously led the healthcare giant from 2006 to 2017 and currently serves as the chairman of the board.