Why Roche Holdings Stock Withered on Wednesday
For the second trading session in less than a week, Roche Holding (OTC: RHHBY) stock really took it on the chin Wednesday. Dispiriting news about its investigational obesity drug was the culprit; disseminating this, investors sold out of the pharmaceutical veteran. At the end of the day's action, Roche had lost almost 6% of its value.
In a meeting of the European Association for the Study of Diabetes that day, Roche presented the results of an early-stage clinical trial of its CT-996 pill.
This is the Switzerland-based company's bid to compete in the very high-potential weight-loss drug market. At the moment, this is dominated by fellow European pharmaceutical company Novo Nordisk's Wegovy. A more recent arrival, muscular U.S. peer Eli Lilly, is also competing in the segment with its Zepbound.
Source Fool.com
Roche Holding AG ADR Aktie
Die Community bevorzugt leicht Roche Holding AG ADR, mit etwas mehr Buy- (3) als Sell-Einschätzungen (1).
Das Kursziel von 42 € für Roche Holding AG ADR bedeutet eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 34.32 €.
