Stock Movers United Health Sinks on Earnings; Eli Lilly's Drug Pop; Hertz's Rise Continues
Apr 17, 2025
United Health faces significant stock declines following a grim earnings forecast, with concerns about Medicare care needs. In contrast, Hertz celebrates a major surge after an investment from Pershing Square Capital. Eli Lilly's groundbreaking drug triumph lifts its stock, marking a significant win in the pharmaceutical world. Meanwhile, Alcoa grapples with tariff-related costs, impacting its adjusted profits despite surpassing earnings expectations. This highlights the unpredictable landscape of the stock market.
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UnitedHealth Stock Plunge
- UnitedHealth's stock dropped 20% after cutting its profit outlook and missing earnings estimates.
- This impacted other health insurance companies like Humana, CVS, and Cigna.
Hertz Stock Surge
- Hertz stock soared 24% pre-market, following a 56% rally the previous day.
- Pershing Square Capital's 20% stake in Hertz is driving investor excitement.
Eli Lilly's Drug Success
- Eli Lilly's stock rose 13% after their oral GLP-1 weight loss drug succeeded in a Phase 3 trial.
- Participants lost an average of 16 pounds at the highest dose, impacting competitor Viking Therapeutics.