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0.000580735598424598 -0.000325211935117988 0.000226954141913035 0.000834390227621654 0.00072091315666506 0.000609438622254863 0.00248301181496552 0.00129497363326869
Stock impact report

VKTX Stock Loses Over $1B in a Month: How to Play the Stock? [Yahoo! Finance]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Yahoo! Finance
The stock has also underperformed the sector and the S&P 500 during the same period, as shown in the chart below. VKTX's shares are trading below the 50 and 200-day moving averages. Image Source: Zacks Investment Research Though this biotech's progress with its obesity drug program has been encouraging, the rising competition for developing obesity drugs is a major factor responsible for this decline. The stock plummeted earlier this month when pharma giant AstraZeneca AZN presented encouraging results from an early-stage study on its investigational oral drug at the ObesityWeek 2024 Annual meeting. AZN revealed that its oral pill achieved 5.8% weight reduction after four weeks of treatment in patients with type II diabetes. Adding to these challenges is the major downturn in the broader drug/biotech sector due to lower-than-expected third-quarter results, guidance cuts and pipeline setbacks. Last week, President-elect Donald Trump announced his decision to nominate vaccine skep Show less Read more
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