Why Eli Lilly Stock Was Feeling Sickly on Wednesday
Eli Lilly (LLY -1.29%) has become a true behemoth of a healthcare stock, but it lost a bit of bulk on Hump Day. Investors traded out of the shares, and they closed the day more than 1% lower, in contrast to the slight (0.1%) increase of the S&P 500 index. An analyst's recommendation downgrade was quite a factor in that slump.Knocked down a pegWell before market open, DZ Bank's Elmar Kraus knocked his recommendation on Eli Lilly stock down one peg to hold, from his previous buy. In a somewhat counterintuitiv ...