Published on 28 Mar 2024 on Insider Monkey via Yahoo Finance

Insiders Are Dumping These 10 Healthcare Stocks

In this article, we will take a detailed look at Insiders Are Dumping These 10 Healthcare Stocks. For a quick overview of such stocks, read our article Insiders Are Dumping These 5 Healthcare Stocks.

Healthcare-focused investors were nervous when 2024 started, since election years usually do not bode well for the healthcare industry amid policy-related uncertainties. But healthcare stocks are performing exceptionally well this year, defying all skepticism. The S&P 500 Health Care has gained about 8.3% so far this year, compared to the 10.6% jump in the broader S&P 500 index. A latest report by the Wall Street Journal, quoting data from Dow Jones, said that this has been the best start for the healthcare sector since 2017. Part of the reason why healthcare stocks are growing is the huge gains posted by companies making GLP-1 drugs for weight loss and diabetes. Eli Lilly And Co (NYSE:LLY)'s obesity drug Zepbound is reportedly seeing a huge demand, causing a severe shortage across the US. The company is also behind Mounjaro, an antidiabetic medication used for the treatment of type 2 diabetes and for weight loss. Eli Lilly And Co (NYSE:LLY) shares have gained about 31% so far this year.

Eli Lilly And Co (NYSE:LLY)'s management talked in detail about the company's diabetes and obesity drugs along with its future plans during Q4 earnings call: