Eli Lilly Falls More Than 10% in a Month: Buy, Sell or Hold the Stock?
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Eli Lilly's stock has fallen over 10% in the past month due to disappointing sales of Mounjaro and Zepbound in the third quarter. However, the company still has growth prospects, suggesting investors might consider holding the stock.
November 11, 2024 | 9:15 pm
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NEGATIVE IMPACT
Eli Lilly's stock has declined by more than 10% in the last month, primarily due to underwhelming sales of its drugs Mounjaro and Zepbound in Q3. Despite this, the company is still seen to have growth potential.
The significant drop in Eli Lilly's stock price is directly linked to the disappointing sales figures of its key drugs, Mounjaro and Zepbound, in the third quarter. This has negatively impacted investor sentiment in the short term. However, the mention of growth prospects suggests that the company may recover, but the immediate impact is negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100