Strength Seen in Lilly (LLY): Can Its 14.3% Jump Turn into More Strength?

Eli Lilly (LLY) shares rallied 14.3% in the last trading session to close at $839.96. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.2% loss over the past four weeks.The sudden rise in the stock price was observed after Lilly announced positive topline results from the phase III ACHIEVE-1 study of orforglipron in adults with type 2 diabetes (T2D). The once-daily oral GLP-1 receptor agonist significantly r ...