Novo Nordisk has built a booming business over the last two decades by focusing on diabetes, which is a growing problem worldwide, driven by obesity and sedentary lifestyles.
The suit, filed on Monday in a federal court in MA, said the companies have simultaneously hiked the price of insulin by over 150 percent during the past five years. Saratoga Research & Investment Management who had been investing in Novo Nordisk Adr for a number of months, seems to be bullish on the $73.12 billion market cap company. About 1.99 million shares traded hands. The Stock has a 52-Week High of $57.81 and 52-Week Low of $30.89 following the dates, it touched its 52-Week High on April 19, 2016 and 52-Week Low on Nov 23, 2016. More interesting news about Novo Nordisk A S (ADR) (NYSE:NVO) was released by: Businessfinancenews.com and their article: "Novo Nordisk Earnings Preview: What to Expect" with publication date: August 02, 2016.
The stock's price switched up -0.03% 20-Days Simple Moving Average, added 2.74% from 50-Days Simple Moving Average and fell -21.24% from 200 Days Simple Moving Average. If you are reading this story on another site, it was stolen and republished in violation of United States & worldwide copyright & trademark law. Zacks Investment Research raised Novo Nordisk A/S from a "sell" rating to a "hold" rating in a research report on Wednesday, January 4th. The correct version of this story can be read at https://www.com-unik.info/2017/01/30/dividend-assets-capital-llc-lowers-position-in-novo-nordisk-as-nvo.html.
10/31/2016 - Novo Nordisk A/S had its "hold" rating reiterated by analysts at DNB Markets.
10/28/2016 - Novo Nordisk A/S was downgraded to "underperform" by analysts at Bank of America Merrill Lynch. Citigroup Inc. lowered shares of Novo Nordisk A/S from a "buy" rating to a "neutral" rating in a report on Monday, October 31st. Finally, Credit Suisse Group reissued a "hold" rating on shares of Novo Nordisk A/S in a research report on Thursday, December 1st. Novo Nordisk A/S presently has a consensus rating of "Hold" and a consensus target price of $60.00.
Novo Nordisk A/S, incorporated on November 28, 1931, is a healthcare company. The diabetes and obesity care segment covers insulins, glucagon-like peptide-1 (GLP-1), other protein-related products (such as glucagon, protein-related delivery systems and needles), oral anti-diabetic drugs and obesity.