$Novo-Nordisk A/S (NVO.US)$An Pharmaceutical compagny Who comes from 145 dollars ? Just buyed it in DKK Danish money at 430 Who is 63 dollars. Very cheap now and not AI or semiconductors . Longer term view of one year
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They are losing market share in the U.S. to LLY. Also their margins are shrinking( selling Wegovy etcat big discounts for cash buyers)and the most recent data on their weight loss drug failed to meet its endpoint goal. These are serious problems and Trump won’t follow through with Government help in paying for their drugs that Biden wanted. I’m interested. I purchased at $71 and sold 1/2 at 66. Unless we hear some good news from the company I suspect it continues into the 50’s( my opinion). The recent news that they bought the world wide( ex China, Asia)Chinese pharma weight loss candidate didn’t move the needle at all. This is definitely a show me story. They seem to have concentrated their efforts on weight loss solutions which now boast others and newer drugs from other companies. I sure hope they diversify more…
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it’s dropping because their main profir drivers are losing profit margins and losing in the U.S to LLY who’s weight loss drug is cheaper. In addition NOV’s latest data came up short of expectations. This will be a good news story buy. This can slip easily into the 50’s without any positive catalyst.
$Novo-Nordisk A/S (NVO.US)$$1 dividend payout at the end of the month, with the new 52 week low, perhaps a good time to scoop some shares to hold for the long term. DCA recommended
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Novo-Nordisk A/S Stock Discussion
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