Moderately bullish activity in Novo Nordisk (NVO), with shares up 68c, or 1.16%, near $59.70. Options volume relatively light with 42k contracts traded and calls leading puts for a put/call ratio of 0.52, compared to a typical level near 0.56. Implied volatility (IV30) dropped 0.49 near 63.74, in the highest 10% of observations over the past year, suggesting an expected daily move of $2.40. Put-call skew flattened, suggesting a modestly bullish tone, following an upgrade to Buy at HSBC .
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVO:
- Morning News Wrap-Up: Tuesday’s Biggest Stock Market Stories!
- Novo Nordisk (NVO) Cuts Jobs at Key US Site amid Global Restructuring Drive
- Novo Nordisk lays off dozens at key U.S. plant, Reuters reports
- Novo Nordisk’s Stock Surges Amid Drug Discounts
- Costco (COST) Will Sell Discounted Ozempic and Wegovy for Those without Insurance