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Novo-Nordisk A/S

62.55

-4.5500-6.78%

Post-market: 61.56-0.9900-1.58%19:59 EDT

Volume:10.87M

Turnover:689.54M

Market Cap:277.66B

PE:19.91

High:65.47

Open:65.23

Low:62.37

Close:67.10

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Overview Company News Filings

Concept

Renaissance Technologies Holdings-5.38%

ETF & Stock Investment-5.79%

Fractional Shares-5.79%

Weight Loss Drugs-6.19%

Capital Flow

Inflow:

Outflow:

News

Stocks to Watch: Eli Lilly, Novo Nordisk, Hims & Hers, Maxeon Solar Technologies

Shares of Obesity Drug Makers Lower, Proposal For Medicare Coverage Dropped

Is Novo Nordisk A/S (NVO) The Best Beaten Down Stock to Buy According to Analysts?

Novo Nordisk (NVO) Stock Moves -1.67%: What You Should Know

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Novo Nordisk, the maker of Wegovy, saw its stock decline 1.4% to $61.67. 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In this article, we are going to take a look at where Novo Nordisk A/S  stands against other best beaten down stocks to buy according to analysts.JPMorgan released a market update where it highlighted the US Fed’s recent decision to keep the rates unchanged. Also, the US Fed decreased the growth forecasts and increased the near-term inflation expectations. The futures markets are pricing 2 interest rate cuts this year and a ~50% chance of the third cut. Jose Torres, Senior Economist at Interactive Brokers, believes that stocks are being impacted as slowdown worries continue to pressure the outlook for broader corporate earnings growth. 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The stock outperformed the S&P 500, which registered a daily loss of 4.84%. Elsewhere, the Dow lost 3.98%, while the tech-heavy Nasdaq lost 5.97%.Prior to today's trading, shares of the drugmaker had lost 24.9% over the past month. This has lagged the Medical sector's loss of 4.6% and the S&P 500's loss of 4.7% in that time.Analysts and investors alike will be keeping a close eye on the performance of Novo Nordisk in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.92, indicating a 10.84% growth compared to the equivalent quarter last year. 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