Elevance Health Stock Dives Again. Why Earnings Are Adding to Medicare Pain.
Market Intelligence Analysis
AI-PoweredElevance Health stock is experiencing a decline due to disappointing guidance, with shares falling 7.7% in premarket trading. The company's adjusted quarterly earnings and revenue growth are not enough to offset concerns about Medicare pain. This has led to a negative market impact on the stock.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
Elevance Health stock was falling ahead of the open Wednesday as the health insurer issued disappointing guidance. Shares of Elevance fell 7.7% to $298 in premarket trading Wednesday, while futures tracking the were up by 0.3%. The company reported adjusted quarterly earnings of $3.33 a share, as revenue rose to $49.3 billion from $45 billion a year ago.
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