What's Going On With Hims & Hers Shares Today？ - Hims & Hers Health (NYSE:HIMS)

Benzinga

2024-07-24 00:02

Hims & Hers Health, Inc. (NYSE: HIMS) saw a notable surge in its stock Tuesday possibly from continued momentum from yesterday. Here's what you need to know.

　　Hims & Hers Health, Inc.HIMS saw a notable surge in its stock Tuesday possibly from continued momentum from yesterday. Heres what you need to know.

　　What To Know:The company is scheduled to release its second-quarter earnings report on August 5th, after market close. The company's estimated earnings per share (EPS) for the quarter stands at 4 cents, with revenue projections at approximately $299.9 million

　　What Else: In a significant development for the pharmaceutical industry, Novo Nordisk's weight-loss drug Wegovy has received expanded approval in the UK. The UK Medicines and Healthcare products Regulatory Agency (MHRA) has now approved Wegovy not just for obesity treatment but also for the prevention of heart attacks and strokes in patients with existing heart disease who are overweight or obese, according to Bloomberg.

　　This new indication is based on a substantial study demonstrating that Wegovy reduces the risk of major heart afflictions by 20%. Specifically, 6.5% of patients on Wegovy experienced serious heart disorders, compared to 8% in the placebo group.

　　HIMS Price Action: Hims & Hers stock is up by 11.88% at last check Tuesday, trading at $22.75 per share, according to Benzinga Pro.

　　Image: Courtesy of Hims & Hers Health, Inc.

Disclaimer:The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.