Elevance Health (ELV) Stock Trades Down, Here Is Why
Shares of health insurance provider Elevance Health (NYSE:EVH) fell 11.5% in the afternoon session after the company reported its second-quarter results and cut its full-year profit guidance, citing rising medical costs. The health insurer announced second-quarter adjusted earnings of $8.84 per share, which missed Wall Street’s expectation of $9.16 per share. While revenue of $49.42…