Mead Johnson Nutrition (MJN) announced Monday that the Hong Kong government has imposed a regulation designed to limit the flow of formula milk products out of the territory.
Mead Johnson Nutrition gapped open lower Monday and fell during the first 45 minutes of trade, before settling into a range. Shares finished down by 3.64 at $75.32 on above average volume. The stock dropped to over a 2-week low.
by RTT Staff Writer
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