Consolidating its position as the "largest heavyweight stock" in the UK market, pharmaceutical giant Astrazeneca's stock price hits a new high
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On November 11th, pharmaceutical giant Astrazeneca's stock price in the UK rose to £134.6, reaching a historic high. As the largest weighted stock in the FTSE 100 Index, its strong performance drove the index up by 1.1%, also hitting a new high. The increase in stock price was mainly supported by impressive results with double-digit growth in both revenue and earnings per share for the first three quarters. Additionally, the easing of policy concerns regarding the US drug pricing agreement further boosted market confidence
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