Interest about the stock of United Healthcare has surged on Friday as the company goes back to dominating headlines ahead of the court appearance of Luigi Mangione, accused of killing the company CEO last December.
Google Trends shows a spike in interest over the past hours, especially in New York, Massachusetts and Minnesota.
The company's has been declining over the past days, having dropped over 5% throughout the past week. The stock's price stood at $610 on December 4, when then-CEO was killed, allegedly by Mangione, in New York. It cratered to under $500 during the following days, clocking in at $485 on December 17. It recovered somewhat during the following weeks, reaching almost $550 in early February, but went back down again and currently stands at just over $500.
Mangione is set to appear in court this afternoon and face murder and terror charges for the killing of Thompson, which took place in the early hours of December 4 as the CEO of the company headed to its annual investor conference. The judge in the case, Gregory Carro, could set deadlines from pretrial paperwork and also set a date for the trial.
Mangione has pleaded not guilty to state charges but has yet to enter a plea on the federal murder charges, CNN reported. A grand jury charged him with 11 counts, including first-degree murder and two second-degree murder charges.
The first-degree one claims Mangione killed Thompson "in furtherance of an act of terrorism," defined as an attempt to intimidate or coerce the civilian population or a government unit. If convicted he could face life in prison without parole. If convicted in the federal case, he could face the death penalty.
Mangione, who went to an Ivy League school and was previously a data engineer for TrueCar, was arrested after a dramatic five-day manhunt in Pennsylvania. His legal defense fund has surpassed $500,000.
"I am overwhelmed by — and grateful for — everyone who has written me to share their stories and express their support. Powerfully, this support has transcended political, racial, and even class divisions," Mangione said in a statement in the website."
"While it is impossible for me to reply to most letters, please know that I read every one that I receive. Thank you again to everyone who took the time to write. I look forward to hearing more in the future," he added.
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