Elevance Health Inc. ($ELV) Stock Forecast: Down 6.6% Today

What is Elevance Health Inc.?

Elevance Health (ELV) is a company in the health sector that is expected to report earnings growth in the upcoming week.

Why is Elevance Health Inc. going down?

ELV stock is down 6.6% on Apr 17, 2025 13:38

• The bearish movement in ELV stock today could be attributed to investors' concerns about the implied volatility surging in the stock options market.
• The anticipation of the upcoming earnings report might have led to profit-taking by some traders, causing a downward pressure on the stock price.
• The increased attention on ELV stock options could indicate a higher level of uncertainty or speculative trading, contributing to the bearish trend in the market today.

ELV Price Chart

ELV Technical Analysis

ELV News

Elevance Health ( ELV ) Reports Next Week: Wall Street Expects Earnings Growth

Elevance Health (ELV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

https://www.zacks.com/stock/news/2449159/elevance-health-elv-reports-next-week-wall-street-expects-earnings-growth

Implied Volatility Surging for Elevance Health ( ELV ) Stock Options

Investors need to pay close attention to Elevance Health (ELV) stock based on the movements in the options market lately.

https://www.zacks.com/stock/news/2448935/implied-volatility-surging-for-elevance-health-elv-stock-options

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Elevance Health Inc. Price History

17.09.2024 - ELV Stock was down 15.3%

• Elevance Health's Q3 earnings disappointed, as profits were below estimates due to issues with medical costs, resulting in a pessimistic market sentiment.
• While the company had a history of surpassing earnings expectations, the latest quarterly results fell short, leading to a drop in the stock price.
• Concerns about Elevance Health's less optimistic annual forecast may be influencing the market's reaction, suggesting possible obstacles for the company in the future.
• Investors who had gained substantial profits over the past decade may be capitalizing on their returns, contributing to today's bearish movement in the stock.

17.09.2024 - ELV Stock was down 12.6%

• ELV reported third-quarter revenues that beat expectations, driven by higher premium yields and product revenue growth, but the stock still experienced a bearish movement.
• The profit falling short of expectations and issuing a soft annual outlook may have contributed to investor concerns and selling pressure on the stock.
• Despite the recent underperformance, ELV has a history of beating earnings estimates, which could indicate potential volatility in the stock price based on future reports.
• The stock's impressive long-term performance, with a significant increase in value over the past decade, may have attracted profit-taking from investors leading to the bearish movement today.

18.09.2024 - ELV Stock was up 5.7%

• ELV posted third-quarter revenues of $44.7 billion, surpassing predictions and demonstrating a 5.3% year-over-year growth, driven by increased premium yields in the Health Benefits segment and CarelonRx product revenue expansion.
• Despite the favorable revenue uptick, ELV's earnings were negatively impacted by reduced Medicaid and Medicare memberships, resulting in an earnings shortfall compared to expectations.
• The market responded positively to the revenue outperformance but exhibited some caution in light of the earnings miss and subdued annual forecast, leading to fluctuations in the stock's price.
• Investors are currently pondering whether ELV will exceed estimates in the upcoming earnings release, reflecting sustained intrigue and uncertainty concerning the company's performance.

04.08.2024 - ELV Stock was down 4.6%

• Despite being highlighted as one of the best stocks to buy, ELV faced a significant decline in its market value.
• The bearish movement could be attributed to potential profit-taking by investors who may have previously bought into the stock based on recommendations.
• It's essential for investors to conduct thorough research and not solely rely on external recommendations, as market dynamics can quickly change, leading to unexpected downturns in stock prices.

15.09.2024 - ELV Stock was down 5.0%

• Today's bearish trend in ELV could be attributed to investors' cautious approach in anticipation of the company's Q3 earnings announcement.
• Despite forecasts of increased operating income from the Carelon business, there may be apprehensions about ELV's ability to meet Wall Street's projections for key performance indicators.
• The absence of the necessary elements for a probable earnings surpass, alluded to previously, may have influenced the downward pressure on ELV's stock.
• Investors could be stepping back to review their holdings in ELV, considering uncertainties surrounding the imminent earnings update.

23.00.2025 - ELV Stock was up 3.2%

• Elevance Health (ELV) experienced a notable upward trend today attributed to favorable developments and market optimism.
• Despite a decline in medical membership, the company showed a profitable Q4 and raised its dividend by 5%.
• Operational revenue saw a substantial increase due to enhanced risk-based functionalities and recent acquisitions.
• Q4 earnings and revenues surpassed expectations, indicating a promising future for the stock.
• The stock's upward trajectory could be linked to expectations of robust Q4 earnings, despite potential worries over increased expenses.

17.06.2024 - ELV Stock was down 6.0%

• ELV stock declined despite beating earnings and revenue estimates, driven by a decrease in Medicaid membership, raising concerns about future growth.
• Investors seemed disappointed by the slight year-over-year decline in second-quarter revenues, even though they surpassed consensus expectations.
• The market response emphasized the focus on the Medicaid membership drop and its potential impact on the company's future, overshadowing the positive earnings beat.
• The contrasting signals from the earnings beat and membership decline underscore the need to consider all aspects of a company's performance in evaluating stock movement.

17.06.2024 - ELV Stock was down 5.9%

• Despite Elevance Health surpassing earnings expectations and reiterating its yearly guidance, the stock faced a downward trend.
• Market response to indicators of escalating medical expenditures and reduced Medicaid enrollment prompted investor wariness regarding the company's future earnings.
• The robust growth in product revenue within the Carelon sector and reduced benefit expenses were overshadowed by apprehensions about the company's financial prospects, leading to its stock decline.
• Investors could be adopting a more cautious approach towards Elevance Health due to uncertainties concerning its profitability sustainability amidst escalating costs and membership attrition.

03.03.2025 - ELV Stock was up 5.1%

• ELV stock exhibited significant upward movement today, potentially influenced by its consistent market outperformance over the past 15 years.
• Investor sentiment towards the company's future prospects may be positive, leading to heightened buying interest and an uptick in the stock price.
• The remarkable growth trajectory of Elevance Health and its consistent delivery of above-average returns could have captured the attention of more investors, contributing to the bullish momentum witnessed in the stock today.

12.01.2025 - ELV Stock was down 2.1%

• Despite its historical outperformance, ELV recently saw a notable bearish movement in its stock price.
• The decline in ELV's stock price may be attributed to profit-taking by investors following a prolonged growth period.
• Market sentiment may have changed due to factors such as macroeconomic conditions or specific company events.
• Investors could be reassessing their positions in ELV, leading to the observed bearish movement.

08.03.2025 - ELV Stock was up 5.2%

• The strong bullish movement in ELV's stock could be attributed to the surge in trading volume observed in the last session, indicating increased investor interest.
• Despite a notable increase, further upside may be limited in the near term due to trends in earnings estimate revisions.
• Positive reactions from investors to recent developments or news related to Elevance Health may have contributed to the stock price increase despite potential limitations on future price increases.
• Monitoring new information or updates regarding ELV is crucial for making informed decisions about investment strategies.

17.03.2025 - ELV Stock was down 6.6%

• The bearish movement in ELV stock today could be attributed to investors' concerns about the implied volatility surging in the stock options market.
• The anticipation of the upcoming earnings report might have led to profit-taking by some traders, causing a downward pressure on the stock price.
• The increased attention on ELV stock options could indicate a higher level of uncertainty or speculative trading, contributing to the bearish trend in the market today.