Johnson & Johnson (JNJ) is trading at $157.15, down 5.24 percent or $8.69 during Tuesday's trading, after a U.S. Bankruptcy Court denied its subsidiary Red River Talc LLC's proposed prepackaged bankruptcy plan.
The stock opened at $160.73 and has moved between $156.57 and $161.81 so far today, compared to a previous close of $165.84 on the New York Stock Exchange. Volume has reached 7.75 million shares, nearing its average of 9.16 million. Its 52-week range stands at $140.68 to $169.99.
The plan, which offered one of the largest settlements in mass tort bankruptcy history, was supported by most claimants but faced opposition from certain law firms. J&J announced it will now litigate the talc claims in the tort system rather than pursuing an appeal.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.