Elevance Health, Inc.’s Stock Price Plummets to $444.35, Marking a Sharp 10.59% Drop

Elevance Health, Inc. (ELV)

444.35 USD -52.61 (-10.59%) Volume: 8.28M

Explore Elevance Health, Inc.’s stock price performance, currently standing at 444.35 USD, witnessing a drop of 10.59% this trading session with a trading volume of 8.28M. The stock has seen a year-to-date decrease of 5.77%, making ELV’s financial health a hot topic for investors.

Latest developments on Elevance Health, Inc.

Elevance Health, Inc. faced a challenging quarter as its profit took a hit from a fall in Medicaid memberships, leading to a plunge in stock prices. The company reported strong Q3 2024 results but struggled with higher medical costs and issues with Medicaid redeterminations. Earnings fell short of expectations, causing the stock to tumble 12% and touch a 52-week low. Despite this setback, Elevance Health remains committed to overcoming industry headwinds and maintaining its stock price target. The company’s dividend declaration for the fourth quarter of 2024 shows resilience in the face of adversity.

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