dChan
Anonymous ID: 7417b5 Jan. 22, 2019, 8:57 a.m. No.4861509   🗄️.is 🔗kun

Going to need some volume on the up side here soon.

DOW

Volume 103,408,293

Avg. Volume 379,285,245

 

NAS

Volume 817,572,389

Avg. Volume 2,442,763,114

 

SP500

Volume 885,606,546

Avg. Volume 4,103,333,114

 

hedgies and big box funds will need to make some decisions soon.

 

cue the krassentwats soon.

Anonymous ID: 7417b5 Jan. 22, 2019, 9:46 a.m. No.4862035   🗄️.is 🔗kun   >>2060

46 Attorneys General reach $120 million settlement with J&J over hip implants

 

New York Attorney General Letitia James said Tuesday that she and 45 other Attorneys General have reached a $120 million settlement with Johnson & Johnson JNJ, -2.24% to resolve allegations that the company unlawfully promoted its metal-on-metal hip implant devices. Specifically, J&J's DePuy business "engaged in unfair and deceptive practices in its promotion of the ASR XL and Pinnacle Ultamet hip implant devices by making misleading claims as to the longevity, also known as survivorship, of metal-on-metal hip implants," James said in a statement. DePuy advertised that the ASR LX hip implant had a survivorship rate of 99.2% at three years, when the National Joint Registry of England and Wales reported a 7 percent revision rate at three years. Patients who needed implant revision surgery to replace failed implants suffered groin pain, allergic reactions, tissue necrosis and a build-up of metal ions in the blood. The ASR XL was recalled in 2010 and the Pinnacle Ultamet was discontinued in 2013. J&J shares were down 2.3% Tuesday, and have fallen 13.8% in the last 12 months, while the S&P 500 SPX, -1.32% has fallen 7%.

 

Earnings were this morning.

Johnson & Johnson (JNJ)

$127.86 -2.86 (-2.19%)

Volume 5,353,461

Avg. Volume 9,833,756

 

Pushed it up on the open for distribution. See right hand side of chart. Most other's were down straight away. Not this one.

 

The company offered its financial forecast for 2019 that was close to what Wall Street is expecting on profit but fell short on sales estimates.

 

https://www.marketwatch.com/story/46-attorneys-general-reach-120-million-settlement-with-jj-over-hip-implants-2019-01-22?siteid=yhoof2&yptr=yahoo