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Stock impact report

Hims & Hers (HIMS) Soars 57.4% on New Deal [Yahoo! Finance]

Hims & Hers Health, Inc. Class A (HIMS) 
Company Research Source: Yahoo! Finance
Hims & Hers Health Inc. (NYSE:HIMS) is one of the 10 Stocks Making Huge Moves this Week Hims & Hers saw its share prices jump by 57.4 percent week-on-week, with the rally primarily driven by its renewed partnership with Novo Nordisk, as well as analysts' upgraded price targets for its stock. In a statement, Hims & Hers Health Inc. (NYSE:HIMS) said that it clinched a new partnership with Novo for a new strategy that would do away with the sale of its compounded versions of the latter's blockbuster drugs, Wegovy and Ozempic. Hims & Hers Health Inc. (NYSE:HIMS) said that it would only offer access to its own GLP-1 in cases where the needs of the customers cannot be met using the FDA-approved version, and if a provider determines that a compounded product is clinically necessary. Hims & Hers (HIMS) Soars 57.4% on New Deal stockyimages/Shutterstock.com Following the news, the company earned upgraded price targets and ratings from three investment companies, namely Deutsche Ban Show less Read more
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