Novo Nordisk Sinks, Domino's Pizza Rises, International Paper Falls on Surprise Price Drop
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Show Notes
On this episode of Stock Movers:
- Novo Nordisk (NVO) shares sink after its' next-generation obesity shot CagriSema delivered less weight loss than Eli Lilly & Co.’s rival blockbuster tirzepatide in a head-to-head trial.
- Domino's Pizza (DPZ) shares rise after the company reported a larger-than-expected rise in comparable sales, as consumers were drawn to the pizza chain’s budget-friendly pies. The Ann Arbor, Michigan-based company made more money by selling more food to its stores, charging higher prices for ingredients and collecting more fees from franchise operators for advertising and royalties, it said in a Monday statement.
- International Paper (IP) shares fall as analysts note that a surprise price drop in domestic containerboard is negative for US packaging companies.
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