Johnson & Johnson stock outperforms market despite losses on the day

Johnson & Johnson stock outperforms market despite losses on the day

Shares of Johnson & Johnson JNJ, -0.73% shed 0.73% to $146.24 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.95% falling 0.96% to 3,348.42 and Dow Jones Industrial Average DJIA, -0.48% falling 0.48% to 27,682.81. This was the stock’s second consecutive day of losses. Johnson & Johnson closed $10.76 below its 52-week high ($157.00), which the company achieved on April 23rd.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Roche Holding AG Part. Cert. RHHVF, +1.17% rose 1.17% to $345.00, Merck & Co. Inc. MRK, -1.02% fell 1.03% to $80.80, and Pfizer Inc. PFE, +0.02% rose 0.03% to $36.38. Trading volume (5.5 M) remained 467,357 below its 50-day average volume of 5.9 M.

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