Elevance Health stock rises 1.53% and ends four-day losing streak
Updated
Updated · MarketWatch · May 6
Elevance Health stock rises 1.53% and ends four-day losing streak
6 articles · Updated · MarketWatch · May 6
Shares closed at $374.71 on Wednesday as the S&P 500 gained 1.46% to 7,365.12 and the Dow rose 1.24% to 49,910.59.
Elevance outperformed UnitedHealth's 0.94% rise but lagged Cigna's 2.29% and Humana's 2.84% gains in a broadly positive session for health insurers.
The stock remains 11.67% below its 52-week high of $424.24 reached on May 12, while trading volume of 1.2 million stayed well under its 50-day average.
With a regulatory deadline looming, can Elevance Health's strong profits overcome its critical data reporting failures?
As medical costs soar across the industry, can Elevance's Carelon unit truly safeguard its long-term growth?