Eli Lilly & Co stock hits new 52-week high, up 97.38% in a year and 55.32% YTD, supported by collaborations and bullish technicals.
Eli Lilly & Co (NYSE:LLY) stock has reached a new 52-week high, increasing by 97.38% over the past year and 55.32% year-to-date. The company's strong momentum is supported by groundbreaking collaborations, including one with Microsoft Corp-backed OpenAI to develop novel antimicrobials, and bullish technical indicators. Trading above its 5, 20, and 50-day exponential moving averages, LLY's share price has surpassed key moving averages, suggesting continued growth potential.
July 01, 2024
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