J&J Loses Around $24B in a Month: How to Play the Stock?
Portfolio Pulse from
Johnson & Johnson (JNJ) has experienced a significant decline in its share price, losing around $24 billion in market value over the past month. This downturn is part of a broader decline in the drug and biotech sector, prompting investors to reconsider their positions in J&J stock.
November 20, 2024 | 9:15 pm
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Johnson & Johnson has seen a $24 billion decrease in market value over the past month, reflecting a broader downturn in the drug and biotech sector. Investors are questioning whether to hold or sell their J&J shares.
The significant loss in market value for J&J, coupled with a sector-wide downturn, suggests a negative short-term impact on the stock price. Investors are likely to be cautious, potentially leading to further selling pressure.
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