5 Best Low Volatility Stocks to Buy Under $50

3. Novo Nordisk A/S (NYSE:NVO)

Number of Hedge Fund Holders: 55

Novo Nordisk A/S (NYSE:NVO) is one of the best low volatility stocks to buy under $50. Novo Nordisk A/S (NYSE:NVO) announced on June 11 that the Wegovy® pill has been approved in the UK as an adjunct to a reduced-calorie diet and increased physical activity, offering a first-of-its-kind alternative to injectable treatments for adults. The United Kingdom’s Medicines and Healthcare products Regulatory Agency (MHRA) approved the Wegovy® pill. Wegovy is an oral glucagon-like peptide-1 receptor agonist licensed for weight management in adults living with obesity (initial Body Mass Index (BMI) ≥30 kg/m2), or overweight (BMI ≥27 kg/m2 to <30 kg/m2), with at least one weight-related condition.

Sebnem Avsar Tuna, general manager at Novo Nordisk UK, stated that the approval marks a significant milestone for obesity care in the UK, as people living with obesity have access to a GLP-1 treatment in a daily pill for the first time, which allows them “the choice and flexibility of oral treatment to support their long-term weight management”.

Novo Nordisk A/S (NYSE:NVO) is a global healthcare company specializing in diabetes care. It develops, discovers, manufactures, and markets pharmaceutical products. Its operations are divided into two business segments: biopharmaceuticals and diabetes and obesity care. The latter segment covers GLP-1, insulin, and other protein-related products.