Novo Nordisk's 31% crash reveals why investors ignored this obvious warning
Key Points
- Novo Nordisk's stock plummeted 31% after analysts downgraded...
When Novo Nordisk confidently declared that knockoff versions of Ozempic and Wegovy weren't a threat, the market responded with the financial equivalent of a raised eyebrow. One week later, the stock plummeted 31%, proving once again that hubris is expensive in the investment world.
The Downgrade Double Whammy
UBS analyst Matthew Weston played the role of party pooper, stripping away Novo's buy rating faster than you can say "weight loss drug." His reasoning? Competition from generic compounding firms and rival Eli Lilly is eating into Novo's lunch money. HSBC's Rajesh Kumar piled on wit...
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