Elevance Health Stock Plummets 3.90% on Fraud Concerns, Ranks 99th in Trading Volume

On May 22, 2025, Elevance Health (ELV) experienced a significant decline, with a trading volume of 7.62 billion, ranking 99th in the day's stock market. The stock dropped by 3.90%, marking the second consecutive day of decline, with a total decrease of 6.78% over the past two days.

Elevance Health, Inc. (ELV) has seen its stock weaken due to a series of securities-fraud class-action notices and investigations. These legal actions have raised concerns among investors, leading to a decline in the company's stock price.

Robbins LLP has issued reminders to Elevance Health, Inc. stockholders regarding the class action lawsuit filed against the company. This legal action is part of a broader investigation into potential securities fraud, which has contributed to the recent volatility in ELV's stock price.