Novo Nordisk Drops, Next Jumps, Infineon Falls
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Novo Nordisk shares fell as much as 4.1% after the company's popular Wegovy weight-loss pill disappointed investors with sales that failed to live up to the hype of an obesity drug whose launch was billed the most successful in history.
- Next shares rise as much as 7.1% after the British fashion and homewares retailer raised its outlook for the third time this fiscal year, following a surge in sales in the second quarter due to warm UK weather and pent-up demand in the Middle East and northern Europe.
- Infineon shares fell as much as 5.6% after a strong revenue forecast in the current quarter failed to convince investors, who are increasingly worried about high valuations in the chip sector.
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