What's Going On With Eli Lilly Stock Today?
Eli Lilly's stock is down as investors assess competition from Novo Nordisk, which received FDA approval for an oral weight loss drug. Eli Lilly's injectable weight loss drug, Zepbound, faces competition, while its oral drug, orforglipron, is under review. Eli Lilly's stock is trading above its 20-day and 100-day SMAs, with a 34.51% increase over 12 months. Key support is at $977, resistance at $1,112. The stock is not overbought or oversold, but bearish pressure is noted.
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