NeueHealth (NYSE:NEUE) Stock Price Up 2.3% – Here’s What Happened

NeueHealth, Inc. (NYSE:NEUE) traded up 2.3% during trading on Thursday . The company traded as high as $5.23 and last traded at $5.07. 5,080 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 18,213 shares. The stock had previously closed at $4.95.

NeueHealth Stock Down 1.3 %

The firm has a fifty day simple moving average of $5.23 and a two-hundred day simple moving average of $5.40.

Hedge Funds Weigh In On NeueHealth

A number of hedge funds have recently bought and sold shares of the business. NEA Management Company LLC acquired a new stake in NeueHealth in the 2nd quarter worth about $14,834,000. Deer Management Co. LLC purchased a new position in NeueHealth in the 2nd quarter valued at $5,436,000. Partners Group Holding AG acquired a new stake in NeueHealth during the 3rd quarter worth $463,000. Renaissance Technologies LLC purchased a new position in shares of NeueHealth in the second quarter worth about $312,000. Finally, Pathway Capital Management LP purchased a new stake in NeueHealth in the 2nd quarter valued at $61,000. Hedge funds and other institutional investors own 63.88% of the company’s stock.

NeueHealth Company Profile

NeueHealth, Inc, a healthcare company, provides various healthcare services for health consumers, providers, and payors in the United States. It operates through two segments: NeueCare and NeueSolutions. The NeueCare segment delivers healthcare services to ACA marketplace, medicare, and medicaid through owned and affiliated clinics.