Hims & Hers Health Stock Is Rising Monday: What's Going On?
Portfolio Pulse from Adam Eckert
Hims & Hers Health Inc (NYSE:HIMS) shares are rising as the company is set to join the S&P SmallCap 600, replacing Vector Group. The stock had previously fallen due to FDA's removal of Eli Lilly's drugs from the shortage list, affecting Hims & Hers' compounded drug sales.
October 07, 2024 | 1:17 pm
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Hims & Hers Health is set to join the S&P SmallCap 600, boosting its stock price. The stock had previously declined due to FDA's update on Eli Lilly's drug supply, impacting Hims & Hers' compounded drug sales.
The inclusion in the S&P SmallCap 600 is a positive catalyst for Hims & Hers Health, likely increasing investor interest and stock demand. The previous decline was due to FDA's update on Eli Lilly's drug supply, which affected Hims & Hers' compounded drug sales. However, the S&P inclusion is a more significant event in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100