NVO

Assessing Market Sentiment Change for Novo Nordisk A/S

Novo Nordisk A/S stock is trading -89.16% below its average target price of $941.31 after marking a 2.2% during today's morning session. Analysts are giving the Large-Cap Pharmaceutical company an average rating of buy and target prices ranging from $584.235 to $1144.722 per share.

Novo Nordisk A/S's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.2%. The stock's short ratio is 1.26. At 0.0%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.

Another number to watch is the company's rate of institutional share ownership, which now stands at 10.2%. In conclusion, we believe there is mixed market sentiment regarding Novo Nordisk A/S.

Institutions Invested in Novo Nordisk A/S

Date Reported Holder Percentage Shares Value
2024-09-30 Jennison Associates LLC 1% 20,195,957 $2,060,694,546
2024-09-30 FMR, LLC 1% 17,931,577 $1,829,648,524
2024-09-30 Morgan Stanley 0% 14,365,402 $1,465,773,845
2024-09-30 Bank of America Corporation 0% 14,326,429 $1,461,797,235
2024-09-30 Fisher Asset Management, LLC 0% 13,305,474 $1,357,624,088
2024-09-30 Sarofim, Fayez & Co 0% 12,217,118 $1,246,573,679
2024-09-30 Price (T.Rowe) Associates Inc 0% 9,583,435 $977,845,825
2024-09-30 Folketrygdfondet 0% 8,863,625 $904,400,009
2024-09-30 Loomis Sayles & Company, LP 0% 8,623,915 $879,941,198
2024-09-30 Renaissance Technologies, LLC 0% 8,189,315 $835,596,786
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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