Novo Nordisk Drops, Puma Down, Trainline Rises
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Novo Nordisk shares fall as much as 2% on Tradegate after the obesity drug giant was downgraded at Morgan Stanley. Analysts believe its valuation does not reflect “subdued” mid-term growth prospects.
- Puma’s Chief Commercial Officer Matthias Baeumer will step down from the management board on Sept. 30, according to a statement.
- Trainline shares climb as much as 8.8%, the most since November, after the train ticket retailer reported strong results in its first-half trading update. The group reiterated its revenue forecast for the full year and announced a new buyback worth £100 million.
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