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Why Eli Lilly Stock Just Popped

TheMotleyFool

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Why Eli Lilly Stock Just Popped: https://g.foolcdn.com/editorial/images/855485/woman-injecting-self-in-arm-with-a-glp-1-injector-pen.jpg

Eli Lilly (NYSE: LLY) stock bounced back 2.4% by 9:50 a.m. ET Monday after taking a tumble last week.

Shares of the big pharma stock and manufacturer of Mounjaro and Zepbound GLP-1 weight loss drugs sank several percent Thursday after Hims & Hers Health (NYSE: HIMS) announced it would sell an Ozempic lookalike pill to compete with Novo Nordisk's (NYSE: NVO) Wegovy pill -- and with Eli Lilly's Mounjaro and Zepbound injectable weight loss drugs as well.

Over the weekend, everything changed.

Source Fool.com

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