Quantbot Technologies LP Sells 35,348 Shares of Johnson & Johnson $JNJ

robot
Abstract generation in progress

Quantbot Technologies LP significantly reduced its stake in Johnson & Johnson (JNJ) by 84.2% in Q3, selling 35,348 shares. Despite a recent FDA approval for a key oncology drug that could boost revenue, the stock has experienced headwinds from insider selling and a $65 million antitrust settlement, leading to a decline in share price. Analysts currently rate JNJ as a “Moderate Buy” with a consensus price target of $234.87, though many other institutions recently increased their holdings.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin