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October 17, 2024 · earnings

ELV earnings: a negative outcome, -10.6%

On October 17, 2024, Elevance Health, Inc. reached its earnings. The result was a negative outcome, and the stock moved -10.6% in the window around the event. It had already run -6.3% in the 30 days into the catalyst — the kind of pre-event run-up that often precedes binary readouts.

The move

$496.96
1d before
$444.35
Event day
$430.77
1d after
$419.84
5d after

Pre-catalyst setup

-6.3%
30-day run-up
2424%
30-day volatility
1.6×
volume spike