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Wajeeh Khan

Eli Lilly Pops on GLP-1 Pill Approval. Should You Buy LLY Stock Here?

LLY Eli Lilly Lilly FDA Foundayo

Eli Lilly (LLY) shares are extending gains on Wednesday after the FDA approved Foundayo — the company’s first once-daily oral GLP-1 for chronic weight management. As investors cheered the pivot to a more convenient, non-injectable alternative for obesity treatment, LLY broke above its 20-day moving average (MA), indicating the upward momentum may sustain in the near-term.

Despite the headline rally, however, Eli Lilly stock remains down over 10% versus the start of 2026.

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