CMB Stock News Of The Day 📰📰🗞️🗞️🗞️📈📉
- Yung Goonie
- Oct 10
- 1 min read
“Lilly Endowment Offloads Nearly $600 Million in Eli Lilly Stock Amid Record Run for Pharma Giant” 🚨🚨🚨
Lilly Endowment, the charitable organization founded by the family behind Eli Lilly (LLY $839.93, -1.80%), has sold more than 1 million shares of the pharmaceutical company so far in October—transactions totaling roughly $599 million, according to recent regulatory filings.
The nonprofit has been a consistent seller over the past several years as Eli Lilly’s stock has surged to record highs. However, this marks the first time since June 2024 that Lilly Endowment has offloaded more than 1 million shares in a single month.
Despite the latest sale, the Endowment remains a major shareholder, retaining about 10% ownership in Eli Lilly—an investment valued at approximately $80.9 billion as of October 9. At the company’s peak in August 2024, that same stake was worth roughly $93 billion.
Founded in 1937, Lilly Endowment primarily supports initiatives in community development, education, and religion. The organization has not yet commented on its latest stock sales.
Meanwhile, Eli Lilly’s stock continues to outperform much of the pharmaceutical sector in 2025, rising about 10% year-to-date. The company’s momentum remains driven by the runaway success of its diabetes and weight-loss drugs Mounjaro and Zepbound, both of which have helped cement its leadership in the fast-growing obesity treatment market.


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