Wedmont Private Capital, NBC Securities Inc., Thomasville National Bank, and several other entities have significantly increased their positions in
Kenvue Inc. (NYSE:KVUE). Meanwhile, Johnson & Johnson has decided to exit Kenvue stock, selling its remaining shares. This comes alongside a surge in acquisitions by entities such as
Teachers Retirement System of Kentucky, B. Riley Wealth Advisors, GAMMA Investing, and PNC Financial Services. However,
Quadrature Capital and
American International Group among others have trimmed their positions. Kenvue's Q1 2024 earnings call, layoffs announcement, and stock's performance have become focal involvement points.
Kenvue's stock has experienced volatility, briefly hitting a low at
$17.75 before gaining
2% after better than expected earnings. Kenvue has recently announced the pricing of its secondary offering while struggling with legal issues, involving a
$45 Million payout to a baby powder user's family, and job cuts as the service pact with J&J winds down. Despite the dips,
stake increases by entities like
Capital International Investors and
Northern Trust Corp might indicate commercial confidence in Kenvue's prospects moving forward.
Kenvue KVUE News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 23 Jun 2024 10:44:31 GMT -
Rating -2
- Innovation -1
- Information 5
- Rumor -3
