Eli Lilly (LLY) Stock Soars on Obesity-Drug Boom — Is $1,000 Next?
Eli Lilly shares jumped to $832 intraday on Oct. 1 after news on obesity and Alzheimer’s drugs, then traded near $818 by Oct. 23, up 6% year-to-date. Q2 revenue rose 38% to $15.56 billion, driven by strong GLP-1 drug sales. Lilly holds about 57% of the U.S. GLP-1 market. The stock fell 4% on Oct. 16 after Trump pledged to cut GLP-1 drug prices.