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Why is Novo Nordisk Adr (NVO) Stock down?

We've noticed a 5.46% decline in Novo Nordisk Adr (NVO) stock during the 2024-09-20 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
03 Nov, 2023:

Novo Nordisk A/S Stock (NVO) dropped by 2.73% from $100.93 to $98.17 in the trading on Friday November 3, 2023. The reason why NVO stock down today is due to the insider selling. Novo Nordisk divulged in a regulatory document that Camilla Sylvest, its head of commercial strategy and corporate affairs, sold 15,000 shares of the company. The sale price was 694.37 kroner ($98.76), making for a total of just over 10.4 million kroner (about $1.5 million).

20 Sep, 2023:

Novo Nordisk (NVO) was down 49.4% on Wednesday trading. The company is splitting its shares, which marks a milestone in Novo Nordisk's share price appreciation, as well as making the size of options contracts more manageable to smaller investors.

https://seekingalpha.com/article/4636288-novo-nordisk-what-the-stock-split-means-for-traders-and-investors

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