Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.


home / news releases / JNJ - Why XBiotech Shares Are Tumbling 23.4% Today

JNJ - Why XBiotech Shares Are Tumbling 23.4% Today

Johnson & Johnson

After XBiotech (NASDAQ: XBIT) announced that investors tendering shares as part of its buyback will be able to tender only 30.9 shares for every 100 desired, shares are down 23.4% as of 11:30 a.m. EST on Thursday.

In December, XBiotech completed the sale of its only clinical-stage drug, bermekimab, to Johnson & Johnson (NYSE: JNJ) for $750 million.

Image source: Getty Images.

Continue reading
Stock Information
Company Name: Johnson & Johnson
Stock Symbol: JNJ
Market: NYSE
Website: jnj.com
Menu
JNJ JNJ Quote JNJ Short JNJ News JNJ Articles JNJ Message Board
Get JNJ Alerts

News, Short Squeeze, Breakout and More Instantly...