Novo Nordisk (NVO) Stock Jumps as Wegovy Pill Launches in United States

TLDR

• Novo Nordisk stock jumped 5.4% on Monday, closing at $55.21 on heavy volume of 29.6 million shares.
• The company launched Wegovy pill, the first oral GLP-1 for weight loss, with self-pay pricing starting at $149 per month.
• Wegovy pill is now available through CVS, Costco, and telehealth partners across the U.S.
• Competitor stocks declined on the news, with Eli Lilly falling 3.6% in after-hours trading.
• Analysts remain divided with a consensus “Hold” rating and average price target of $53.33.

Novo Nordisk shares climbed 5.4% on Monday as the Danish drugmaker rolled out its oral Wegovy pill across the United States. The stock traded as high as $55.42 before closing at $55.21.

Novo Nordisk A/S, NVO

Trading volume hit 29.6 million shares, up 42% from the average daily volume of 20.8 million. The stock had closed at $52.39 in the previous session.

The move came as Novo began selling the first oral GLP-1 medication for weight loss in the U.S. market. The pill offers a daily alternative to weekly injections, a format that could reshape how patients approach obesity treatment.

Novo priced the lowest dose at $149 per month for patients paying out of pocket. Higher doses run up to $299 per month. The 4-mg dose will increase to $199 starting April 15.

The company is distributing through CVS and Costco pharmacies, plus telehealth partners. More doses will become available by the end of this week.

The launch pressured rival stocks. Eli Lilly shares dropped 3.6% in after-hours trading to $1,041.51. Viking Therapeutics also saw weakness as investors bet Novo could capture market share with its pill format and competitive pricing.

Market Competition Heats Up

GLP-1 drugs work by targeting hormones that control appetite and blood sugar. The category has grown into a major force in equity markets as demand for weight-loss treatments surged.

Competition is now shifting to self-pay channels. Patients who pay cash rather than use insurance are becoming a key battleground for drugmakers.

Lilly expects an FDA decision in March for its own obesity pill. The company said it would cap repeat cash pricing for higher doses at $399. Both Novo and Lilly agreed to offer $149 starter doses under a White House deal linked to a planned TrumpRx site.

GoodRx CEO Wendy Barnes said the platform was focusing on “transparent cash pricing” and “broad pharmacy availability” as Wegovy pill access expands. The comments point to growing price visibility across the weight-loss drug market.

Analyst Views Remain Split

Wall Street analysts are divided on Novo’s outlook. Rothschild & Co Redburn upgraded the stock from neutral to buy in September. Sanford C. Bernstein moved from market perform to outperform the same month.

Goldman Sachs cut its price target from $60 to $54 in late November while keeping a buy rating. Jefferies started coverage in October with an underperform rating.

The consensus stands at Hold with an average price target of $53.33. That sits below Monday’s closing price. One analyst rates the stock a strong buy, six say buy, eleven hold, and four recommend selling.

The U.K. pharmaceutical regulator is reviewing Novo’s Wegovy pill application. A decision could come by year-end, potentially opening another major market for the oral drug.

Novo reported third-quarter earnings of $1.02 per share in early November, beating estimates of $0.77. Revenue came in at $11.79 billion versus expectations of $11.98 billion. The head of U.S. public affairs recently left the company during the high-profile launch.

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