Why Novo Nordisk Stock Popped Today
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Novo Nordisk's stock rose 2.1% following a Financial Times report on positive results from weight loss trials using higher doses of semaglutide. Patients taking 7.2 mg lost an average of 19% of body weight over 72 weeks, compared to 16% with the standard 2.4 mg dose. While Eli Lilly's Mounjaro shows slightly better results, Novo's Ozempic remains competitive. With a P/E ratio of 14 and a 3.1% dividend yield, Novo is seen as a value candidate, though potential price cuts could impact profits and stock valuation.
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