Skip to main content

JNJ Stock Price Knocked Down On COVID Vaccine Halt

The race to find a vaccine for covid-19 is causing ups and downs in healthcare stocks like: Johnson & Johnson (JNJ), Eli Lilly & Co. (LLY), Regeneron Pharmaceuticals (REGN) and UnitedHealth Group (UNH).

Johnson & Johnson (JNJ)

Shares of Johnson & Johnson (JNJ) were knocked down this week on news of a COVID vaccine halt. All after a participant fell ill. This is now the second time JNJ has had to pause testing as it races towards a vaccine, says Bloomberg.

“We’re going to have to get used to hearing these sorts of reports of pauses,” Hassan Vally, an associate professor in epidemiology at La Trobe University in Melbourne, said by email. “As you vaccinate more people in these trials the chances are that there will be some illnesses in participants. The only difference here is that in the world that we live in right now, the progress of these trials is in the public eye, and so we are riding every bump.”

Right now, we’re unaware if the participant received the placebo or the vaccine from JNJ.

At the same time, this does demonstrate that companies do have great safeguards in place. “One adverse event is serious, especially when you’re considering a vaccine that you’re going to roll out to tens, hundreds of millions of people, maybe even billions,” said Dr. Ezekiel Emanuel, a former health advisor in the Obama administration. “That’s the ultimate concern.”

Eli Lilly & Co. (LLY)

Eli Lilly & Co. (LLY) took a fall, too after halting its trials. “Safety is of the utmost importance to Lilly," an Eli Lilly spokesperson told Fox Business. "We are aware that, out of an abundance of caution, the ACTIV-3 independent data safety monitoring board (DSMB) has recommended a pause in enrollment."

Regeneron Pharmaceuticals (REGN)

Shares of Regeneron Pharmaceuticals (REGN) are pushing higher thanks to President Trump. Days after leaving the hospital, President Trump is urging regulators to approve emergency use authorization of Regeneron’s (REGN) treatment. He specifically noted that the REGN cocktail was key to his successful treatment.

“We have hundreds of thousands of doses that are just about ready,” Trump said. “I have emergency use authorization all set and we got to get it signed now. And you’re going to get better, you’re going to get better really fast.”

UnitedHealth Group (UNH)

UnitedHealth Group (UNH) just reported a Q3 profit and revenue that beat expectations. Net income fell to $3.17 billion, or $3.30 a share from $3.54 billion, or $3.67 a share. Excluding non-recurring items, adjusted EPS fell to $3.51 from $3.88, but was still above expectations for $3.11. Revenue was up nearly 8% to $65.12 billion, beating estimates for $49.81 billion.

At the time of this writing, Ian Cooper did not hold a position in any of the above stocks.

Want More Great Investing Ideas?

Own This Stock Before the 28th | Top Dividend Stock to Own | Download Free Report 

Buy These 3 High-Yield Dividend Stocks All Under $15

Buy These 3 Dividend Stocks for Steady and Reliable Monthly Income


JNJ shares . Year-to-date, JNJ has gained 3.57%, versus a 9.65% rise in the benchmark S&P 500 index during the same period.



About the Author: Ian Cooper

Ian Cooper, an InvestorsAlley.com contributor, has been analyzing stocks and options for advisories since 1999. Over the last 21 years, Cooper has shown thousands of investors just how to exploit “market extremes” for fast, short-term gains with seven indicators that led to successful calls on the biggest spikes and dips in the stock markets.

More...

The post JNJ Stock Price Knocked Down On COVID Vaccine Halt appeared first on StockNews.com
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.