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Why Eli Lilly Stock Trounced the Market on Thursday
LLYLilly(LLY) The Motley Fool·2024-08-01 22:35

What's good for Zepbound is good for the company, it seems.It's always a relief when a drug shortage ends. It's even more of a relief when that shortage concerns a hot new drug produced by a high-profile pharmaceutical company.That dynamic was behind the 3.5% increase of Eli Lilly's (LLY 3.50%) stock price on Thursday. Comforting words from the company's leader led investors to load up on the stock, making it a far better performer than the sliding S&P 500 index (which fell by 1.4% that day).Bound for the m ...