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NVO stock: Why did Novo Nordisk shares drop 20% today—and who is Maziar Mike Doustdar?
Health-related stocks are not having a good day. First, America's largest health insurance provider, UnitedHealth Group (NYSE: UNH), saw its stock drop more than 4% this morning after the company announced disappointing second-quarter results and a full-year 2025 forecast that concerned investors. And now, the Danish pharmaceutical giant Novo Nordisk A/S, whose shares (NYSE: NVO) trade on the New York Stock Exchange, is seeing its stock price plunge, too. The real reason a staggering 40% of U.S. homeowners are mortgage-free Tsunami warning tracker: Map and online tool let you follow alerts in real time after massive earthquake Figma's IPO date is close. The stock could trade even higher after the design startup's latest move Currently, NVO shares are down more than 20% at the time of this writing. But unlike UnitedHealth Group, Novo Nordisk has not reported its most recent quarterly results. So what's sending its shares lower? Here's what you need to know. Novo Nordisk cuts full-year 2025 guidance The main driver of Novo Nordisk's significant share price fall today is the company's announcement that it is revising its previously published sales growth and operating profit growth for its full fiscal year 2025. On May 7, Novo Nordisk stated that it expected full-year fiscal 2025 sales growth to be between 13% and 21%. At the same time, it said it expected its operating profit growth to be between 16% and 24%. Now, however, the company had drastically cut both forecasts. Novo Nordisk now says it expects full-year fiscal 2025 sales growth to be between 8% and 14% and operating profit growth to be between 10% and 16%. In a statement, the company said its 'lowered sales outlook for 2025 is driven by lower growth expectations for the second half of 2025.' This lowered growth is due to lower growth expectations for its GLP-1 weight loss and diabetes drugs, Wegovy and Ozempic, in the U.S. market. 'For Wegovy in the US, the sales outlook reflects the persistent use of compounded GLP-1s, slower-than-expected market expansion and competition,' the company said. It added that as far as Ozempic was concerned, 'the updated outlook is negatively impacted by competition in the U.S.' Novo Nordisk's main competitor in the GLP-1 arena is the American pharmaceutical giant Eli Lilly, who makes the drugs Mounjaro and Zepbound. Novo Nordisk names new CEO Besides revising its 2025 growth forecasts downward, Novo Nordisk also made another announcement today: It named a new CEO. However, this announcement probably had little to do with the stock's fall this morning. Back in May, Novo Nordisk announced that its longtime CEO Lars Fruergaard Jørgensen would be stepping aside. At the time, the company cited its declining share price as one of the reasons for the CEO shakeup. It also said Jørgensen would stay on as CEO until a successor was found. Now, one has been. Today, Novo Nordisk announced that Maziar Mike Doustdar will be assuming the position of president and chief executive officer, effective August 7, 2025. Doustdar is currently the company's executive vice president of international operations. Announcing Doustdar's ascent to the CEO role, Novo Nordisk chair Helge Lund said: 'This is an important moment for Novo Nordisk. The market is developing rapidly, and the company needs to address recent market challenges with speed and ambition. I believe Novo Nordisk will build on its strengths as a global leader in obesity and diabetes, and Mike has a clear vision of how to unlock the full potential of the opportunities ahead.' Doustdar will officially take over as CEO one day after the company reports its second quarter 2025 results on August 6. Novo Nordisk shares have fallen dramatically since last summer While the GLP-1 drugs Wegovy and Ozempic have been a massive source of growth and profits at Novo Nordisk in the first half of this decade, recently, the company has faced increased competition in the GLP-1 marketplace, which has partly contributed to investor concerns. Partially as a result, Novo Nordisk stock has steadily declined since last summer. Over the past year, NVO shares are down more than 57%. And since the beginning of 2025, the company's share price has declined more than 35%. As of the time of this writing, NVO shares are down just over 20% this morning to $55.17 per share. This post originally appeared at to get the Fast Company newsletter: Sign in to access your portfolio
Yahoo
2 hours ago
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Jensen Huang Has Been Unloading Nvidia Stock This Year. Should Investors Be Worried?
Key Points Jensen Huang revealed his plan to sell up to 6 million shares of Nvidia months ago. Even after his recent stock sales, he still owns around 858 million shares of the chipmaker. The stock is trading at all-time highs and commands a significant premium. 10 stocks we like better than Nvidia › Investors oftentimes view insider selling as a sign that a stock may be in trouble, or perhaps as a hint that insiders don't see more room for it to rise. That can potentially raise red flags for a stock, especially when a CEO is involved. Nvidia (NASDAQ: NVDA) has been a top-performing stock for years, and the company is now the most valuable in the world. But its CEO, Jensen Huang, has been unloading shares of the business recently. This month, he has sold hundreds of thousands of shares, and that won't be the end of the selling. What's behind his moves, and should retail investors also consider cashing out in light of them? Huang's stock sales are minimal in relation to his overall position in Nvidia Although Nvidia's CEO has been selling shares this year, there are a couple of reasons investors shouldn't be spooked. The first is that his stock sales are part of a pre-published plan that he made known to the public. In March, Huang submitted a Rule 10b5-1 plan to sell up to 6 million shares. Once such plans are put in motion, they are executed by a designated broker who makes the trades at preset times. That ensures that the sales aren't being influenced by new insider information the executive might have. It's not uncommon for executives to periodically unload some of their shares over time, especially when they hold a lot of stock in a company. And it certainly doesn't mean that they are expecting their stock to struggle. Secondly, even after all of those 6 million shares are sold, Huang will still have a considerable position in the company. He now owns around 858 million shares -- around 3.5% of Nvidia's outstanding shares. He remains its top individual shareholder by far, and only a few institutions hold more of its shares than he does. So while these stock sales may seem significant, in the context of his overall position, they are not drastic by any stretch. Nvidia's stock has been rising and is trading at an elevated premium Huang's stock sale isn't a reason to be concerned about the business. Demand for Nvidia's artificial intelligence (AI) chips remains strong, and there's little reason to be worried about that growth slowing down just yet. Analysts at Grand View Research project that the AI chipset market will grow at a compound annual rate of 28.9% through the end of the decade, and Nvidia should be a huge beneficiary of that. But investors should still consider valuation. Right now, Nvidia is trading at 55 times its trailing earnings, which is a fairly high multiple given that the average ratio for the S&P 500 is less than 25. Although its growth prospects are high, investors shouldn't assume that Nvidia's dominance in the AI chip market will remain uncontested, as some tech giants are designing their own custom AI chips. And given that it trades at such a high premium, expectations will be high for the business. Effectively, there's a lot of future hoped-for growth already priced into Nvidia's stock, which may limit the returns of investors who buy right now. Should you buy Nvidia's stock today? Nvidia is trading at all-time highs, and its market cap of $4.2 trillion makes it the most valuable company in the world. While there's a lot of room for the tech stock to go higher as it profits from its domination of the AI chip market, there is also no margin of safety for investors if, for example, there is a slowdown in the economy and companies pull back on AI-related spending. Investors may want to consider mirroring Huang's recent stock sale and cash out some shares right now while still maintaining a position in the company. Nvidia is a market leader, and even if you don't expect it to double or triple in value again in the short term, it still has the potential to deliver market-beating returns. A buy-and-hold position may still make a lot of sense for growth investors, but if you're holding onto Nvidia stock today, you may also want to consider selling a fraction of your position and booking some profits. Should you buy stock in Nvidia right now? Before you buy stock in Nvidia, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nvidia wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 David Jagielski has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Jensen Huang Has Been Unloading Nvidia Stock This Year. Should Investors Be Worried? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
4 hours ago
- Yahoo
Wegovy maker Novo's profit warning triggers $70 billion share rout
By Jacob Gronholt-Pedersen, Stine Jacobsen and Maggie Fick COPENHAGEN (Reuters) -Investors wiped $70 billion off Novo Nordisk's market value on Tuesday after the maker of weight-loss drug Wegovy issued a profit warning and named a new CEO, as it battles rising competition in the obesity drug market. Novo named Maziar Mike Doustdar as its new chief executive, turning to a veteran insider to revive sales and reassure investors rattled by fears the Danish drugmaker is losing ground in the obesity drug race it started. Doustdar's appointment failed to stem a stock market rout sparked by Novo slashing its outlook for 2025 sales growth to between 8% and 14%, from between 13% and 21% previously. Its shares plunged nearly 30% before paring some losses to trade down over 20% by mid-afternoon. The shares are now down 44% this year. "The magnitude of the guidance cut is a shocker," Markus Manns, a portfolio manager at mutual fund firm Union Investment, a Novo shareholder, told Reuters, adding that Novo's issues went deeper than "compounded" copycats to Wegovy. Compounded drugs are custom-made medicines that are based on the same ingredients as branded drugs. Novo has been hit by copycats of its GLP-1 drugs Wegovy for weight-loss and Ozempic for diabetes. U.S. law bars pharmacies from replicating approved drugs, but has allowed 'compounding' for patients needing custom doses or formulations. The company said in a statement that it cut its 2025 sales outlook due to lower growth expectations in the second half in the U.S., both for Wegovy and Ozempic in the GLP-1 diabetes market. The drugmaker, which became Europe's most valuable listed company following the launch of Wegovy in 2021, is now facing a reckoning as it looks to turn things around after the abrupt removal in May of CEO Lars Fruergaard Jorgensen. At its peak in June 2024, Novo was worth as much as $615 billion, but its shares have plunged on investor concerns about the company's experimental drug pipeline and its ability to navigate challenges in the U.S. market. "The stock has gone from being a market darling to one of its biggest letdowns," said Angelo Meda, portfolio manager and head of equities at Banor SIM in Milan, which has a small Novo stake. "The biggest concern is the illegal channel siphoning away market share - something that's hard to quantify. Rebuilding trust will take time." NEW CEO AN INSIDER Doustdar, an Iranian-born, Austrian national, who grew up in the United States, joined Novo in 1992 and will take on the new role on August 7. He currently serves as vice president for international operations, a role he took after leading the company's businesses first in the Middle East and then in Southeast Asia, Novo said. "We need to increase the sense of urgency and execute differently," Doustdar told investors and analysts on a call. "The fact that my announcement comes right after the guidance update, just makes the mandate ahead even more clear." Some analysts and investors had argued that Novo should select an American, or a person with extensive experience working in the United States as its next CEO. Novo has lost its first-mover advantage in the United States this year to U.S. rival Eli Lilly. The new chief executive's most urgent challenge, according to investors and analysts, is to revive Novo's performance in the United States, the largest market by far for weight-loss drugs and where they are most profitable. Novo launched its weight-loss drug Wegovy nearly two and a half years before Eli Lilly's Zepbound. But Zepbound prescriptions surpassed those of Wegovy this year by more than 100,000 a week. In May, Novo said it expected many of the roughly one million U.S. patients using compounded GLP-1 drugs to switch to branded treatments after a U.S. Food and Drug Administration ban on compounded copies of Wegovy took effect on May 22. "Unfortunately, our latest market research indicates that has not happened," Chief Financial Officer Karsten Munk Knudsen said on a call with analysts on Tuesday. One million or more U.S. patients are still using compounded GLP-1s, he said. Novo has stepped up its dialogue with the U.S. FDA to limit unlawful compounding of its drugs, the head of U.S. operations David Moore added on the call. "Compounding continues to be an issue that we have to address," Moore said. ($1 = 0.8672 euros) Sign in to access your portfolio