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Benzinga

Business

Mark Putrino

Stock Of The Day: Is The Novo Nordisk Death Spiral Finally Over?

Novo Nordisk Novo Nordisk On

Novo,Nordisk,Advertising,Logo,On,Facade,Building,,Danish,Pharmaceutical,Healthcare

Novo Nordisk A/S (NYSE:NVO) is trading higher on Friday. It is just below resistance around the $58 level.

Novo has been in a major downtrend since June 2024. Since then, it has lost about 60% of its value. But there is a chance that a reversal may be taking place. This is why it is our Stock of the Day.

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One subscription that gives you access to news from hundreds of sites

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