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-0.000643915003219599 0.000427130285468981 0 0.000858553337626082 -0.0019317450096588 -0.00826357587465117 -0.00139514917364236 -0.00246834084567508
Stock impact report

Novo's Stratospheric Rise Has Turned Into a $460 Billion Wipeout [Yahoo! Finance Canada]

Novo Nordisk A/S (NVO) 
Last novo nordisk a/s earnings: 2/5 01:31 am Check Earnings Report
US:NYSE Investor Relations: novonordisk.com/investors.html
Analysts were optimistic about the pill version of the Danish drugmaker's blockbuster Wegovy obesity shot, while investors seemed to have priced in any weakness in the former market darling's sales outlook. This week, the narrative has been flipped on its head. Novo shares have plunged 21%, hit first by guidance for a much steeper-than-expected decline in revenue, and then the launch by telehealth firm Hims & Hers Health Inc. of a cheaper copycat version of the Wegovy weight-loss pill. Even after a slight rally on Friday, the shares are still on track for their worst week in six months. Most Read from Bloomberg The setbacks are just the latest to afflict the Danish company, which has seen years of dizzying gains wiped out since its market value peaked at $659 billion in June 2024. Not long ago, Novo was Europe's most valuable listed company, but it has quickly fallen outside the top 10, now worth little more than $200 billion. The dramatic plunge has prompted some to question wh Show less Read more
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