Is Now a Good Time to Buy the Dip in Eli Lilly Stock? [Yahoo! Finance]
Eli Lilly and Company (LLY)
Last eli lilly and company earnings: 4/23 06:25 am
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Source: Yahoo! Finance
Lilly's diabetes medication Mounjaro and its sibling treatment for chronic weight management Zepbound have evolved into blockbuster drugs in short order -- helping fuel Lilly stock to new all-time highs earlier this year. However, Lilly's shares (like pharmaceutical companies in general) tend to be quite volatile. As I write this, the stock has fallen by 12% just in the month of November. With the price now down 22% from intra-year highs, is now a good time to buy the dip in Eli Lilly stock? Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Let's take a look at what could be influencing the ongoing sell-off. From there, the case for or against investing in Lilly should become much clearer. On Oct. 30 Eli Lilly published financial results for the third quarter. To be blunt, its latest earnings were disappointing. Lilly missed Wall Street's expectations on both the top and bottom lines. To make matters worse, one of
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LLY
Earnings
- 10/30/24 - Miss
LLY
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- LLY's page on the SEC website