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Why Novo Nordisk Stock Crumbled Again Today

TheMotleyFool

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Why Novo Nordisk Stock Crumbled Again Today: https://g.foolcdn.com/editorial/images/827657/person-checking-medicine-on-a-shelf-in-a-pharmacy.jpg

The hits just kept coming for beleaguered Ozempic and Wegovy maker Novo Nordisk (NYSE: NVO) on Thursday. The company, which has been slammed with investor sell-offs since cutting its guidance on Tuesday, fell by almost 6% as yet another analyst weighed in with a bearish take on its prospects. The S 500 index, meanwhile, traded down only slightly.

That pundit was 's Rajesh Kumar, who downgraded his recommendation on Novo Nordisk that morning.

Image source: Getty Images.

Source Fool.com