Pharma Stock Hits Record High After Expansion Plans

Novo Nordisk will launch Wegovy in Japan in February

Deputy Editor
Nov 24, 2023 at 10:41 AM
    facebook X logo linkedin

    Pharmaceutical name Novo Nordisk A/S (NYSE:NVO) is up 1.6% at $104.93 at last glance, earlier hitting a fresh record peak of $105.30. This high comes after news that the company plans to launch Wegovy, its popular anti-obesity drug, in Japan on Feb. 22 -- its first roll-out in Asia. Since the start of the year, the equity is up 55%. 

    Analysts are optimistic on the stock, with seven of the nine in coverage carrying a "strong buy" rating. There is room for price-target hikes following the stock's recent rally, however, as the 12-month consensus price target of $102.51 is now a slim discount to current levels. 

    When weighing in on NVO, options look like a good way to go, as options traders are pricing in low volatility expectations at the moment. This is per the security's Schaeffer's Volatility Index (SVI) of 26%, which ranks in the 13th percentile of its annual range. 


    Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

    This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

    On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

    Start targeting gains like the ones our subscribers have seen recently, including:

    213.3% GAIN on AutoNation calls
    100.0% GAIN on Monster Beverage calls
    100.4% GAIN on Walgreens Boots Alliance puts
    100.4% GAIN on ON Semiconductor calls
    257.7% GAIN on Dell calls

    101.0% GAIN on Apollo Global Management calls
    103.6% GAIN on JP Morgan  Chase calls
    105.3% GAIN on DraftKings calls
    101.3% GAIN on Airbnb calls
    203.0% GAIN on Shopify calls
    102.0% GAIN on Cboe Global Markets calls
    100.9% GAIN on Boeing calls
    102.1% GAIN on Microsoft puts
    102.3% GAIN on First Solar calls
    101.5% GAIN on PulteGroup calls
    101.0% GAIN on Apple calls
    209.4% GAIN on NXP Semiconductors calls
    100.8% GAIN on Uber Technologies calls
    100.4% GAIN on Academy Sports and Outdoors puts
    102.2% GAIN on Trade Desk calls
    100.8% GAIN on DoorDash calls
    100.0% GAIN on Camping World Holdings puts
    100.0% GAIN on Cboe Global Markets calls
    100.2% GAIN on calls
    238.5% GAIN on Oracle calls



    Rainmaker Ads CGI