NAVN, JNJ, CRWD Stocks Soar as Investors Seek Defensive Plays

Nutanix (NAVN) and Johnson & Johnson (JNJ) stocks hit all-time highs last week, while CrowdStrike Holdings (CRWD) shares reached a record high after completing its 4-for-1 stock split. The surge in these tech and healthcare giants' stocks came as investors turned cautious ahead of the Independence Day holiday weekend.

Nutanix stock stood out in an otherwise subdued trading session on Thursday, climbing to $25.85 as investors responded to the travel and expense software provider's new tools designed to integrate its platform with leading AI systems. The company launched its Model Context Protocol (MCP), an open system that lets businesses connect AI models directly to Nutanix's travel and expense data.

Johnson & Johnson stock also reached a record high of $263.10 on Thursday as investors sought defensive stocks amid heightened market caution. The healthcare giant attracted buyers after raising its 2026 financial outlook and reassuring investors with steady operating performance despite an uncertain economic backdrop.

CrowdStrike shares hit a record high of $199.53 on Thursday after completing the stock split. The lower post-split share price made the cybersecurity company's stock more accessible to a wider range of investors, attracting strong buying interest and continued investor optimism on its expanding recurring revenue base.