Two days in a row with record volume. Strong upward trend. If it breaches 66, we are off to the races, could easily top 75 in the next 12 months. Did people wake up and realize that Weldon is finally gone?! JNJ has been a laggard for many years. It has a lot of catching up to do.
I think it's the news of the $12B tax free share buyback for the Synthes deal that makes that purchase accretive
Nifty maneuver by JNJ to sidestep the tax hit. They may not be out of the woods yet. Would not be surprised of they get challenged by the IRS. Now lets see if they can make the top line grow meaningfully