Eli Lilly Stock Tumbles Over 2%, Hits Day’s Low Point Friday Afternoon
INDIANAPOLIS – Shares of pharmaceutical major Eli Lilly And Co (NYSE: LLY) experienced a significant decline during Friday’s trading session, falling sharply and hitting the lowest price seen so far for the day by early afternoon.
As of 1:19 PM GMT-4 on April 28th, the company’s stock was trading at 865.49 USD. This represents a substantial drop of -19.05 USD, or 2.15 percent, compared to the previous day’s closing price of 884.54 USD.
The trading day began with Eli Lilly opening at 870.44 USD. The stock saw an early rally, reaching an intraday high of 882.25 USD around mid-morning. However, this strength reversed, leading to a steady decline throughout the later morning and into the afternoon. The stock established its intraday low at 864.94 USD, with the current price sitting right at this level, indicating significant selling pressure.
Despite the day’s decline, Eli Lilly’s stock remains well above its 52-week low of 677.09 USD. It is, however, trading further below its 52-week high of 972.53 USD. The company currently holds a Price-to-Earnings (P/E) ratio of 73.89 and provides a dividend yield of 0.69% to investors.
Market participants continue to closely watch the movements of Eli Lilly stock within the healthcare and pharmaceutical sectors.
