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Barchart
Barchart
Elizabeth H. Volk

Here’s What Happened the Last Time Novo Nordisk Stock Was This Oversold

Novo Nordisk (NVO) is on pace to gap lower at the opening bell today, with shares of the pharma giant plunging up to 30% in premarket trading following its second forecast cut of 2025. The Danish drug company drastically reduced its full-year sales growth guidance to 8-14% from 13-21%, while operating profit growth expectations were lowered to 10-16% from 16-24%.

Why Did Novo Nordisk Slash Its Forecast?

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