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Retail investors crowd into Eli Lilly after weight-loss drug approval

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Retail investors crowd into Eli Lilly after weight-loss drug approval

Retail flows into Eli Lilly spiked to a more than two-year high in November, as small investors rushed to buy the stock after the U.S. pharma major received a highly anticipated approval for its weight-loss drug Zepbound. Daily net purchases surged to $14.4 million on Nov. 8, when Zepbound was cleared in the U.S. and the U.K., hitting their highest levels since January 2021, as per data from Vanda Research.

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Retail investors crowd into Eli Lilly after weight-loss drug approval

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Retail investors crowd into Eli Lilly after weight-loss drug approval

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