The healthcare giant experienced a volatile trading session, ultimately closing down 0.18% despite reaching its highest price point of the year.
Article:
NEW YORK – Shares of Johnson & Johnson (J&J) closed in negative territory on Friday, August 5th, after a volatile day that saw the stock price touch a new 52-week high. The stock finished the trading session at $170.74 per share, representing a daily loss of $0.30, or 0.18%.
The day began with optimistic trading as the stock opened at $170.54, just below the previous day’s close of
171.56**. However, the stock could not maintain this momentum, reversing course and falling to a daily low of $169.65 before a slight recovery into the close.
The downward pressure seemed to continue after the market closed. In after-hours trading, the stock was down an additional $0.59 (0.35%), trading at $170.15 as of 7:48 p.m. GMT-4.
According to market data, Johnson & Johnson’s P/E ratio stands at 18.26. The company offers a dividend yield of 3.05%, with a quarterly dividend amount of $1.30 per share. The stock’s performance on Friday sets a new benchmark for its 52-week range, which is now $140.68 to $171.56.
