Investment idea: “Johnson & Johnson has made a new breakthrough in medicine!” terminates due to scandal.

Investment idea “Johnson & Johnson has made a new breakthrough in medicine! Shares are growing!” terminates because of the scandal!

As it became known last Friday, some products of Johnson & Johnson contained prohibited ingredients that caused the collapse of #JNJ shares, thereby completely crossing the expectations for this investment idea!

Fig. 1.  Johnson & Johnson shares chart

In the face of a severe reduction in the capitalization of Johnson & Johnson and the repurchase of its assets in the amount of $ 5 billion, the #JNJ shares is likely to continue to decline to the lows of July and June of this year. The fact is also supported by increased risks in the stock markets and the strengthening of general pessimism.

Fig. 1.  Johnson & Johnson shares chart

Hanzenko Anton