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Here's why Eli Lilly stock is crashing
LLYLilly(LLY) Finbold·2025-01-15 12:39

Eli Lilly (NYSE: LLY) saw its stock decline sharply by 6.5% on January 14, following the release of its fourth-quarter 2024 revenue guidance, which fell short of Wall Street expectations.The pharmaceutical giant now projects 13.5billioninrevenueforthequarter,sparkingconcernsovertheperformanceofitsblockbusterweight−lossanddiabetesdrugs,MounjaroandZepbound.AsofthemarketcloseonJanuary14,EliLilly’sstockwastradingat13.5 billion in revenue for the quarter, sparking concerns over the performance of its blockbuster weight-loss and diabetes drugs, Mounjaro and Zepbound.As of the market close on January 14, Eli Lilly’s stock was trading at 744.91, reflecting a one-day loss of over 6.5%. On the five-d ...