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Mirae Asset Stake Boost Sends Johnson & Johnson Stock Soaring

Guavy AI Editorial Team
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JNJ
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Johnson & Johnson (JNJ) stock continued its upward momentum on July 30, trading at $271.22 and rising by 3.37% on the day.

The price of JNJ is now above its key moving averages, indicating strong bullish momentum in the current session.

Mirae Asset Global Investments raised its stake in Johnson & Johnson by 11.7% in Q2, according to its latest SEC filing, which highlights sustained demand from large-scale investors.

Representative Richard McCormick sold between $1,001 and $15,000 worth of JNJ stock on July 30, but this sale had a minor impact on sentiment, given the prevailing institutional inflows.

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