LLY - Prediction: This Is What Eli Lilly Stock Will Do Next
2024-07-26 07:45:00 ET
Over the last 18 months, the stock market has been incredibly generous to investors. Since January 2023, the S&P 500 has soared 45%, while the tech-heavy Nasdaq Composite has rocketed by 72%.
Outside of the technology industry, investors have also found outsize gains among some opportunities in the pharmaceutical space . One company that has outpaced both the S&P 500 and Nasdaq since last January is Eli Lilly (NYSE: LLY) . Shares of the medicine company have soared 136% since the beginning of 2023, thanks in large part to Lilly's dominance in the red-hot weight-loss space.
With a stock price of almost $900 per share, I think Lilly could make a good candidate for a stock split . Let's dig into what is fueling Lilly's business right now and why a stock split could make sense. Moreover, let's see if investing in Eli Lilly stock now is a good idea.
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Prediction: This Is What Eli Lilly Stock Will Do Next