Why Novo Nordisk Stock Is Sinking Today
Novo Nordisk(US:NVO) The Motley Fool·2025-06-23 18:29Shares of Novo Nordisk (NVO -5.61%) are tumbling on Monday, down 5.6% as of 2:11 p.m. ET. The drop comes as the S&P 500 (^GSPC 0.81%) and the Nasdaq Composite (^IXIC 0.90%) both jumped 0.7%.The Danish pharmaceutical giant's stock fell after it announced it was severing ties with Hims & Hers Health, as well as releasing experimental data for an obesity drug that failed to impress investors.Hims & Hers can no longer sell weight-loss drugsNovo Nordisk announced this morning that it is ending its partnership wi ...