Johnson & Johnson’s shares collapse at least six weeks

• Johnson & Johnson (JNJ) loses 6.89% on Tuesday, reaching minimal not seen since February 18.
• The judge has rejected Johnson & Johnson’s third attempt (JNJ) to request the bankruptcy of a subsidiary to resolve the demands around its controversial talcum products.

Johnson & Johnson’s values ​​established a maximum of the day in $ 161,81, finding aggressive vendors that dragged the price of the share at least from February 18 at $ 154.73. At the moment, JNJ is quoted at $ 154.35, losing 6.89% daily.

Johnson & Johnson does not get authorization to declare his subsidiary River Talc bankrupt

In the midst of a controversial strategy to solve the demands that accuse Johnson & Johnson (JNJ) to market talcum -based products that cause cancer, Judge Christopher Lopez has rejected authorize the bankruptcy of his subsidiary company Red River Talc.

Johnson & Johnson’s strategy consisted of transferring debts to his subsidiary River Talc and later declare it in bankruptcy. Jnj considered granting 9,000 million dollars to its subsidiary to resolve claims without the need to reach the courts. This claim had already been rejected on two previous occasions in New Jersey, however, the company tried again in Texas, without any success.

The judge specialized in bankruptcies, Christopher Lopez, argued that the deadline granted by Johnson & Johnson (JNJ) to the plaintiffs to approve the measure was extremely short.

After this news, the actions of Johnson & Johnson (JNJ) sink 6.89% today, reaching minimums not seen since February 18 in 154.35, leading losses in Dow Jones.

Johnson & Johnson technical levels

Jnj’s shares reacted down from a short -term resistance given by the maximum of March 31 in $ 166.63. The key resistance is observed in 170.00, maximum of March 4. Downwards, the key support level is found at $ 140.70, pivot point on January 10.

4 -hour Jnj graphics