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Johnson & Johnson Drops, Kraft Heinz Declines, Nathan's Famous Surges
Published 1 month, 3 weeks ago
Description
On this episode of Stock Movers:
- Johnson & Johnson (JNJ) shares drop as much as 3.1% in premarket trading after the health-care company reported mixed drug sales for the fourth quarter. The firm also forecasted sales for 2026 that beat the average analyst estimate.
- Nathan's Famous (NATH) surged after Smithfield Foods said it would acquire the legendary hot dog brand in a deal valued at about $450 million, securing the rights to a key product in its business’s largest segment.
- Kraft Heinz (KHC) shares closed down 1.36% after the packaged food company registered more than 325 million common shares held by Berkshire Hathaway, its largest shareholder, for potential sale
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