Shares of Nvidia Corp. dropped in premarket trading Friday, after Wedbush analyst Matt Bryson said while he remains bullish on the semiconductor maker, the stock has run up too high for him to keep recommending investors buy. Read More...
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Johnson & Johnson Stock Jumps on Plan for Breakup
Johnson & Johnson (ticker: JNJ) shares were up on the news, which comes two months before a planned CEO transition, in which longtime Johnson & Johnson executive Joaquin Duato is slated to succeed Alex Gorsky in the top post. The stay-behind company, which will include both Johnson & Johnson’s pharmaceutical division and its medical devices division, will still be the largest healthcare company in the world, Johnson & Johnson said. The announcement ends a years-long debate, during which time Johnson & Johnson has become an anachronism among its big pharma peers, which have shed their consumer products divisions one after the other.
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