Massive Sell-Offs Just Hit These 10 Stocks Today

2. UnitedHealth Group Incorporated (NYSE:UNH)

UnitedHealth extended its losing streak for a sixth consecutive day on Tuesday, dropping another 17.79 percent to close at $311.83 apiece as investor sentiment was weighed down by news that its chief executive officer is stepping down.

In a statement on Monday, Andrew Witty said he will resign from his post due to “personal reasons.” He will be replaced by Stephen J. Hemsley, who served as the company’s CEO from 2006 to 2017.

Although Witty will no longer be CEO, he will remain as senior advisor to Hemsley, who also chairs the company’s board of directors.

“We are grateful for Andrew’s stewardship of UnitedHealth Group, especially during some of the most challenging times any company has ever faced,” Hemsley said in a news release. “The Board and I have greatly valued his leadership and compassion as chief executive and as a director and wish him and his family the best.”

According to Hemsley, he expects the company to return to its “long-term growth objective of 13 to 16 percent.”