Why Novo Nordisk Topped the Market Today

It's not only spending its capital on developing new drugs.Hardly for the first time in recent weeks and months, Novo Nordisk (NVO 2.08%) had a good trading session on the stock market Monday. The company's shares enjoyed a more than 2% boost on the day, comparing favorably to the 0.9% rise of the S&P 500 index. Investors were cheered by the fact that the Denmark-based pharmaceutical upstart is maintaining its stock repurchase program.Stock buyback program updateNovo Nordisk said in a brief update that it h ...