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TARGET · ELV

ELV → $500.00 by Nov 2, 2025.

S
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via r/wallstreetbets
· Published Nov 2, 2024 02:27 · Valid until Nov 2, 2025 · FAILURE
Entry
$417.26
Final
$317.20 -24.0%
Target
$500.00
Score
-1.00
First time poster long time regaurd This was Anthem Bluecross Blueshield. They are now a conglomerate including pharmacy and specialty services through Carelon. The Bad: Recently they lost 1.5 million Medicaid enrollees due to an expiration of expanded eligibility from covid funds. (About 3% of total enrollment) And due to higher utilization of patients this quarter the expense ratio was 2.5% higher than normal. Even though revenue grew $1.5 billion, EPS took a big hit. $8.4 vs $9.7 ~ 20%. …
— ORIGINAL POST · ELV Elevance Health DD · r/wallstreetbets · Feb 5, 2025