Does anyone know why our stock is lower than UH by almost $200?
8 replies (most recent on top)
It's about to cross a technical resistance price. If so we're going to see another one of those 10% drop days. This leadership team is being investigated for insider and manipulation, which may be part of why the price is dropping since ethics and transparency (on anything other than rifs) isn't in Gail and teams DNA.
Its not $200 less, it is $350 billion dollars less in market cap divided by outstanding shares. Market cap is what you should be looking at not the price of a single share.
Amazing they are promoting the ESPP on pulse now. They are desperate to drive the price up!
Prepare to be disappointed when you open your etrade Morgan Stanley mail.
Retired from ELV and I just signed up with UHC Medicare Advantage … more benefits and better pricing than ELV/Anthem.
Notorious GBD is right in part on the market cap bit, but a year or so back, we were a bit higher than UNH as to per share price. They’ve gone up since then, we’ve gone down. Yes, we’re a dumpster fire, but Wall St hasn’t caught on to that yet. We’re losing our competitive edge. Large clients are dropping us. I just signed my dad up for a supplemental policy with UNH, as they are $35/mo less than the exact same federally defined benefit package from ELV. We’re much like that in all our lines of business. We haven’t realized that we can’t trim employees as a path to profit.
The price per share doesn’t matter as much as a company’s market cap. Not every company issues the same amount of shares, so the stock price itself isn’t entirely representative of the perceived market value. That being said, UH has a much higher market cap than Elevance ($738.7 B vs $170.9 B). This difference is largely because of Optum. This is why we are throwing the kitchen sink at Carelon, as it’s the Optum equivalent.
Believe it or not, our stock price is actually a strong buy at the moment- despite the fact that our company is a veritable dumpster fire. Part of that may be chalked up to the overvaluation of the stock market in general- but value is all about one company’s position relative to their competitors, and right now the market undervalues us relative to our peers.
Also, if you look at other insurers pages on this site, you’ll find very similar threads. Unfortunately, it seems like most major insurers are all fire, so chaos/incompetence must be ubiquitous in our line of work at the moment. Wouldn’t be a bad idea to consider jumping to the provider side or another industry altogether IMO.
Because we su-k a$$.