Eli Lilly (LLY) Stock Experiences Major Sell Off, Drops Over 11% Before Slight After Hours Lift

NEW YORK – Eli Lilly And Co (NYSE: LLY) shares endured a significant downturn during the trading session on May 1st, shedding more than eleven percent of their value before recovering slightly in after hours activity.

The pharmaceutical giant’s stock closed the regular trading day at 794.10 USD. This price represented a substantial decrease of 104.85 USD, translating to an 11.66 percent drop for the session compared to the previous day’s close of 898.95 USD. The day’s trading was marked by considerable downward pressure: the stock opened at 844.00 USD, reached a high of 850.93 USD early on, but fell to a low of 792.07 USD. The provided chart illustrates a steep decline through the morning and early afternoon.

After the market closed at 7:59 pm GMT-4, Eli Lilly shares saw a modest rebound, trading at 798.57 USD. This indicated an after hours gain of 4.47 USD, or 0.56 percent, from the official closing price.

According to the market summary, Eli Lilly’s market capitalization stands at 75.28KCr. The company’s Price to Earnings (P/E) ratio is reported as 67.79, and it offers a dividend yield of 0.76 percent.

Looking at the stock’s performance over a longer period, its 52 week high is 972.53 USD, while the 52 week low is recorded at 677.09 USD. Investors are closely watching LLY following this volatile trading day.