Prediction: This Is What Eli Lilly Stock Will Do Next
Over the last 18 months, the stock market has been incredibly generous to investors. Since January 2023, the S 500 has soared 45%, while the tech-heavy Nasdaq Composite has rocketed by 72%.
Outside of the technology industry, investors have also found outsize gains among some opportunities in the pharmaceutical space. One company that has outpaced both the S 500 and Nasdaq since last January is Eli Lilly (NYSE: LLY). Shares of the medicine company have soared 136% since the beginning of 2023, thanks in large part to Lilly's dominance in the red-hot weight-loss space.
With a stock price of almost $900 per share, I think Lilly could make a good candidate for a stock split. Let's dig into what is fueling Lilly's business right now and why a stock split could make sense. Moreover, let's see if investing in Eli Lilly stock now is a good idea.
Source Fool.com
