Why Eli Lilly Stock's Big Jump Last Week Could Be Just the Beginning of Another Huge Run
LLYLilly(LLY) The Motley Fool·2024-08-13 17:50

Many more quarters like Lilly's stellar second quarter could be on the way.For a while, it seemed the streak was over for Eli Lilly (LLY -0.82%). Shares of the big drugmaker skyrocketed nearly 160% between early 2023 and mid-July of this year. However, Lilly's stock plunged almost 19% afterward -- until last week.On Aug. 8, Lilly reported stellar second-quarter results and the pharma stock quickly soared more than 15%. Here's why Lilly's big jump last week could be just the beginning of another huge run.Mou ...