Why is Elevance Health stock tanking again? Did I miss some news? Does this mean even more rifs in fourth quarter 2025? Why can't they get this ship up right again?
10 replies (most recent on top)
@444 the stock is in the tank because there is no confidence - no one wants it or anything to do with this company -providers hate having to do anything with this place. It is well known how toxic this place is - I would not invest one dime in this company - it cannot learn from any mistake and only cares about SLT - not employees not members. Thinking this is political is hysterical. it is this place!
The stock price is back to pre-pandemic levels. Where it should be. Unless the Dem's can get more free money for ELV, then the stock prices is staying where it is
Trying to figure out how he is still CFO! The decisions made, and the fake incredulity…we didn’t anticipate xxxx… how did you not? I’m not an accountant or analyst and I knew! Couple that with the ridiculous forecasts -absolutely unachievable -no wonder this stock is tanking.
This is a great time to buy the stock, and sell the stock, and buy the stock and sell the stock.
SLT has been trying to quietly offloading their stock. I would not be suprised if short seliing it to make even more more $$$
it has tanked for almost a year
@bd absolutely true - not tanking again - tanking still - sold mine last year along with many of my pals - my financial advisor shared its a blood bath - no one wants it
In the last week or so, Mark Kaye CFO spoke at a Wells Fargo health insurance conference and pretty much seems like every time he opens his mouth the stock drops. Using gibberish words confirmed 3rd quarter results would be worse then promised and once again tried to make it sound like Medicaid redeterminations were a big surprise! Of course, the pending class action suit is based on the fact that Elevance knew and/or should have known. Expect more RIFs to try to offset bad SLT decisions and they may try to get the SLT to buy more stock to shore up the price but they aren’t stepping up.
It’s not tanking “again”. I prefer the word “still”. Leadership is lost and grasping at the air rather than taking a step back, getting and digesting data from reliable experts, and implementing a solid plan with conviction. A lost art in today’s world. A.I. will save us (not).
Elevance leaving Medicare Part D market and some Med Advantage markets -
https://www.modernhealthcare.com/insurance/mh-elevance-health-medicare-advantage-plans-2026/#:~:text=Key%20Takeaways,offset%20their%20prescription%20drug%20costs.