Is Novo Nordisk A Compelling Opportunity After Its Sharp 47% Share Price Drop?
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If you are wondering whether Novo Nordisk is a rare bargain or a value trap at today’s price, you are not alone. This breakdown will help you see what the market might be missing.
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The stock has slipped 2.5% over the last week and is roughly flat over the past month, but that sits against a sharp year to date (YTD) drop of 47.0% and a 57.7% fall over the last year, even though the 5 year return is still up 37.1%.
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Those moves come as investors continue to reassess Novo Nordisk’s long term growth runway in obesity and diabetes care, while also weighing heightened competition from other GLP 1 drug makers. At the same time, regulatory attention around pricing and access has added another layer of uncertainty that can exaggerate swings…
