Stocks
JNJ Shares Plunge 2% on Thursday Amid Analyst Optimism
Johnson & Johnson (NYSE:JNJ) shares fell by 2% during trading on Thursday, reaching as low as $267.37 and closing at $268.06.
The stock saw a significant decline in volume, with 6,451,552 shares changing hands, which is a 22% drop from the average session volume of 8,271,416 shares.
Despite the decline, analysts remain optimistic about the company's future prospects, particularly after its second-quarter revenue increased by 6.6% to $25.31 billion and adjusted EPS of $2.90 exceeded expectations.