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Why Eli Lilly Stock Popped Today

TheMotleyFool

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Why Eli Lilly Stock Popped Today: https://g.foolcdn.com/editorial/images/829283/glp-1-weight-loss-drug-in-a-syringe.jpg

Shares of Eli Lilly (NYSE: LLY), a pharmaceuticals giant and maker of the Mounjaro GLP-1 weight loss drug, jumped 3.2% through 12:50 p.m. ET Wednesday after Reuters reported it's expanding its Mounjaro business in India. Additionally, Lilly got a new price target from Cantor Fitzgerald this morning.

But that news was both bad and good.

Image source: Getty Images.

Source Fool.com

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