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Why Novo Nordisk Stock Popped Today
Novo Nordisk has a GLP-1 Ozempic pill. That's both good and bad news for Novo Nordisk stock.
Novo Nordisk (NYSE: NVO), the Danish drugmaker that's been riding high ever since it began putting out Ozempic and Wegovy GLP-1 injectables for treatment of diabetes and weight loss, got another shot in the arm yesterday -- one that helped the stock dodge the market downturn entirely and end the day somewhat in the green. The same news that helped Novo stock out yesterday, moreover, is today turning into solid gains as Novo Nordisk stock rises 2.5% through 11 a.m. ET.
And what news was that, you ask?
Novo Nordisk now has an Ozempic pill.
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