Market News AIOpen the app

Eli Lilly's stock dropped on Tuesday. What's going on?

MarketRead the original at benzinga.com
Neutral

Shares dropped about 2% tied to broad healthcare weakness, while longer-term moving averages and analyst Buy ratings counter recent momentum weakness.

LLY · Eli Lilly and Company

AI read · Neutral

The AI's read

LLY fell with the weak healthcare sector, but its longer-term averages and analyst Buy consensus counter recent momentum weakness, leaving the story balanced for the company.

NVS · Novartis AG

AI read · Bad for NVS

The connection

Novartis shares plunged after a Phase 3 HARBOR trial for del-desiran failed to meet its primary endpoint, pressuring the company.

IONS · Ionis Pharmaceuticals Inc.

AI read · Bad for IONS

The connection

The article links Ionis to the failed drug program and says the news weighed on the company because of financial ties to pelacarsen.

RPRX · Royalty Pharma plc

AI read · Bad for RPRX

The connection

Royalty Pharma is named as exposed to pelacarsen, and the failed trials are said to have weighed on its shares.

PINK · Simplify Health Care ETF

AI read · Neutral

The connection

The ETF holds a large weighting in Lilly so flows can affect it, but no ETF-specific news was reported in the story.

PCLG · Polen Focus Growth ETF

AI read · Neutral

The connection

The Polen Focus Growth ETF has meaningful Lilly exposure, but the article reports no direct news on the ETF itself.

Get alerts for LLY

Follow Eli Lilly and Company (LLY) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for LLY
Free on the App Store and Google Play, or on the web.