Stock Of The Day: Will Johnson & Johnson Rally? The Sell-Off May Have Ended
Shares of Johnson & Johnson JNJ are trading higher on Wednesday. Yesterday, they were down more than 7.5%. Analysts attribute the move lower to the company's announcement that its pending acquisition of Intra-Cellular Therapies, Inc. ITCI will dilute its earnings.But the sell-off may have ended, and there is a good chance Johnson & Johnson rallies. This is why our team of trading experts has made it our Stock of the Day.You can see on the chart below that the selloff ended when the shares reached the $153 ...