Eli Lilly (LLY) Offering Possible 26.26% Return Over the Next 9 Calendar Days

Eli Lilly's most recent trend suggests a bullish bias. One trading opportunity on Eli Lilly is a Bull Put Spread using a strike $114.00 short put and a strike $109.00 long put offers a potential 26.26% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $114.00 by expiration. The full premium credit of $1.04 would be kept by the premium seller. The risk of $3.96 would be incurred if the stock dropped below the $109.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Eli Lilly is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Eli Lilly is bullish.

The RSI indicator is at 55.9 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Eli Lilly

Deal-making in the global health-care sector is set to rebound in 2019, law firm says
Tue, 08 Jan 2019 05:36:00 +0000
Deal-making activity in the fast growing health-care sector is expected to rebound in 2019, law firm Baker McKenzie says. The number of mergers and acquisitions will increase by 7 percent in 2019 to $331 billion, marking a recovery from last year's drop of 5 percent, the firm said in a joint report with Oxford Economics. The report comes as Bristol-Myers Squibb and Eli Lilly announced acquisitions this month focused on cancer drugs.

[$$] Eli Lilly to Buy Loxo Oncology in $8 Billion Deal
Tue, 08 Jan 2019 03:48:43 +0000
Eli Lilly & Co. said it is buying Loxo Oncology Inc. for $8 billion in cash, a deal that expands the biopharmaceutical company’s oncology-treatment portfolio and adds to a string of recent deals in the cancer-treatment space. Lilly, based in Indianapolis, will pay $235 a share, a 68% premium to Loxo’s closing price on Friday of $139.87. Shares of Eli Lilly rose 0.4%.

Lilly makes $8 billion bet on drugs for rare cancers with Loxo Oncology buy
Tue, 08 Jan 2019 03:14:48 +0000
The price represents a 68 percent premium to Loxo's Friday share price close, which some Wall Street analysts said was high for a company with only one drug on the market that it shares with a partner. Loxo shares surged 66 percent to $232.65, close to the offer price of $235 per share, and prompted stock price rises for a other small developers of targeted cancer therapies, including Array BioPharma, Blueprint Medicines Corp and Clovis Oncology Inc. Lilly shares rose 0.5 percent to $115.28. The cash deal comes on the heels of Bristol-Myers Squibb Co's agreement last week to buy Celgene Corp for $74 billion in the largest pharmaceutical deal ever, spurring investors' hopes of a new wave of large healthcare acquisitions.

Gilead, Pfizer Execs Suggest Even More Pharma M&A Is on Way
Tue, 08 Jan 2019 01:44:04 +0000
Eli Lilly & Co. said Monday it will acquire Loxo Oncology Inc. for about $8 billion in cash. The announcement came just days after Bristol-Myers Squibb Co. and Celgene Corp. announced a $74 billion cash-and-stock deal, the biggest pharma deal ever. “First and foremost, we’re focused on M&A,” Gilead Sciences Inc. Chief Financial Officer Robin Washington said Monday at the J.P. Morgan Healthcare Conference in San Francisco.

PRESS DIGEST- Financial Times – Jan 8
Tue, 08 Jan 2019 01:14:58 +0000
The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines Daimler speeds up self-driving trucking technology https://on.ft.com/2REup9O …

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