Shares of Novo Nordisk A/S (NYSE:NVO) traded today at $111.09, eclipsing its 52-week high. This new high was reached on below average trading volume as 533,000 shares traded hands, while the average 30-day volume is approximately 841,000 shares.
Novo Nordisk A/S (NYSE:NVO) is currently priced 7.2% above its average consensus analyst price target of $103.01.
With almost 50% market share by volume of the global insulin market, Novo Nordisk is the leading provider of diabetes-care products in the world. Based in Denmark, the company manufactures and markets a variety of human and modern insulins, injectable diabetes treatments, and oral antidiabetic agents. Novo also has a biopharmaceutical segment (constituting roughly 15% of revenue) that specializes in protein therapies for hemophilia and other disorders.
Over the past year, Novo Nordisk A/S has traded in a range of $64.43 to $111.09 and is now at $110.98, 72% above that low.
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