Is Hims & Hers rally at risk as GLP-1 shortages ease?
Hims & Hers (NYSE:HIMS), the telehealth platform that offers compounded versions of weight loss drugs, dropped more than 10% on Thursday after the FDA confirmed that Eli Lilly's (LLY) GLP-1 tirzepatid
Stock Track | Hims & Hers Stock Plunges on Concerns Over Weight-Loss Drug Shortage
Shares of Hims & Hers Health Inc. plunged nearly 8% in pre-market trading on Wednesday, as investors reacted to concerns over the potential end of a shortage that has allowed the telehealth company to offer affordable versions of popular weight-loss drugs.Hims & Hers has been selling compounded versions of drugs like Wegovy and Ozempic, which are used for weight loss and diabetes treatment, at a fraction of the cost charged by pharmaceutical giants Eli Lilly and Novo Nordisk. The company has be
Rate cut will increase refinancing and lending business. Sofi is a buy.
Is SoFi Technologies Inc. (SOFI) the Worst AI Stock to Buy?
We recently compiled a list of the 10 Worst AI Stocks to Buy According to Reddit. In this article, we will look at where SoFi Technologies Inc. ranks among the worst AI stocks to buy.In the lead-up to the September rate cut decision, analysts had expressed a variety of opinions regarding the 50 basis-point cut, with some supporting and others opposing it. Some of them suggested that lower interest rates could create opportunities in small and mid-cap stocks, which may benefit from a more favorable borrowing environment.Michael Khouw, OpenInterest.PRO Chief Strategist, discussed that the stock market experienced a broadly lower performance recently, with the NASDAQ Composite suffering the most significant decline, down 0.5%. The S&P 500 also saw a decrease, giving up 24 points to close below 5,700, while the Dow Jones Industrial Average was down by 60 points at the time of reporting. Despite this overall downturn, the utility sector outp