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Eli Lilly Stock: Buy on the Dip?

TheMotleyFool

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If investors are looking for an example of just how volatile even large-cap stocks can be, they can look to Eli Lilly's (NYSE: LLY) recent price activity.

After rallying by 67% to start the year and reaching an all-time high of $275 a share in mid-August, the pharmaceutical powerhouse has now surrendered half of those gains. It's still up 35% year to date, but after such a pronounced decline, is now a smart time to buy the stock?

Image source: Getty Images.

Source Fool.com

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