Eli Lilly stock surges after company touts strong sales outlook as rival Novo Nordisk continues plunge
Yahoo Finance·2026-02-05 03:11

Eli Lilly (LLY) stock rose as much as 10% in midday trading on Wednesday after the American drugmaker rolled out a strong sales outlook that touted the strength of its weight-loss portfolio and sent its market cap back near $1 trillion. The rally in Lilly also pressured shares of its main weight-loss rival, Danish drugmaker Novo Nordisk (NVO), for a second straight day. Novo stock fell as much as 6% in afternoon trade on Wednesday. Eli Lilly reported Wednesday morning that it expects 2026 revenue to gro ...

Eli Lilly stock surges after company touts strong sales outlook as rival Novo Nordisk continues plunge - Reportify