>by Friday morning, Lilly stock had dropped by more than 5% from the day before. The Twitter stunt pulled down the stock price of other diabetes drugmakers, including Novo Nordisk and Sanofi. Lilly’s stock has yet to recover and, on Monday morning, remained down more than 4% over the past five days.
So the article suggests its only recovered 20% of the fall.
And anyway what is a fair amount of value to lose over a fake tweet? is 1% ok? 2%?
I'm looking at the actual stock market as of right now. They've been trading for hours, and their price is up overall.
> And anyway what is a fair amount of value to lose over a fake tweet? is 1% ok? 2%?
Given that when the stock prices return and continue to rise - there's no actual monetary losses... sure. Those are all fine. At worst, their interest rates on new loans would be a bit higher is all.
Average daily volume of Ely Lilly is 3 million shares - at $356 price/share that's $1,068,000,000 traded each day affected, not to mention stock option premiums jumping due to heightened volatility, etc.,. I'm pretty sure there were some actual monetary losses in there.
This company is doing the same thing plenty of other companies and people are doing, this company just went through a bit worse before it made that decision.
>by Friday morning, Lilly stock had dropped by more than 5% from the day before. The Twitter stunt pulled down the stock price of other diabetes drugmakers, including Novo Nordisk and Sanofi. Lilly’s stock has yet to recover and, on Monday morning, remained down more than 4% over the past five days.
So the article suggests its only recovered 20% of the fall.
And anyway what is a fair amount of value to lose over a fake tweet? is 1% ok? 2%?