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Why Eli Lilly Stock Sank 18% This Week

TheMotleyFool

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Why Eli Lilly Stock Sank 18% This Week: https://g.foolcdn.com/editorial/images/828714/tariffs.jpg

Shares of Eli Lilly (NYSE: LLY) sank 18% this week, according to data from S&P Global Market Intelligence. The drugmaker with a market cap of over $500 billion is in a sharp drawdown due to previously high expectations and weak data on its obesity drug pipeline.

Even though the stock is in a 35% dip from all-time highs, Eli Lilly is up 300% in the last five years on the back of its blockbuster weight loss drugs.

Here's why Lilly stock dipped after posting its second-quarter results.

Source Fool.com

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