Why Elevance Health (ELV) Shares Are Sliding Today

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…

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Why Elevance Health (ELV) Shares Are Sliding Today

Why Elevance Health (ELV) Shares Are Sliding Today

Shares of health insurance provider Elevance Health (NYSE:EVH) fell 9.9% in the afternoon session after peer, Centene pulled its full-year financial guidance, triggering a sector-wide sell-off. Centene cited that market growth was “lower than expected” and the number of people making claims was much higher than forecast. This news has sparked fears among investors that…

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