BUZZ-Hims and Hers surges to record high

Reuters

2024-11-12

** Shares of Hims & Hers Health Inc surged to a record high, last up 19% and extending recent gains after raising its annual rev forecast last week

** HIMS reached as high as $29.68 during session; last at $28.00

** The telehealth firm on Nov. 5 raised its full-yr rev forecast to $1.46-$1.47 bln from $1.37-$1.40 bln and said it would add a generic version of Novo Nordisk's diabetes and weight loss drug, liraglutide, to its platform in 2025

** Soaring demand for weight-loss drugs made by Novo and Eli Lilly has led to shortages that allow them to be produced under U.S. regulations

** HIMS now up 213% YTD vs S&P 500's 26% increase

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