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July 20, 2022 · earnings

ELV earnings: a negative outcome, -7.6%

On July 20, 2022, Elevance Health, Inc. reached its earnings. The result was a negative outcome, and the stock moved -7.6% in the window around the event. It had already run +10.0% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$497.43
1d before
$459.54
Event day
$461.94
1d after
$470.86
5d after

Pre-catalyst setup

+10.0%
30-day run-up
3037%
30-day volatility
0.9×
volume spike