Why Evolent Health's Stock Is Trading Lower Today

Evolent Health EVH shares are trading lower on Monday.

The company announced its partner, Passport Health Plan, was not selected for Kentucky managed Medicaid contract.

Evolent Health is engaged in healthcare delivery and payment. The company supports health systems and physician organizations in their migration toward value-based care and population health management.

Evolent Health shares were trading down 27.14% at $6.47 at time of publication on Monday. The stock has a 52-week high of $12.01 and a 52-week low of $3.50.