Home / Biopharma / Healthcare Stocks Under Stakeholder’s Pressure- Johnson & Johnson (NYSE:JNJ), Community Health Systems (NYSE:CYH)

Healthcare Stocks Under Stakeholder’s Pressure- Johnson & Johnson (NYSE:JNJ), Community Health Systems (NYSE:CYH)

Johnson & Johnson (NYSE:JNJ) [Trend Analysis] released that it ordered by a U.S. jury to pay $55M to a woman who declared that using firm’s talc-powder products for feminine hygiene reasoned her to develop ovarian cancer. The conclusion is second straight test loss for firm, which is facing around 1,200 court cases accusing it of not adequately warning consumers about its talc-based products’ cancer risks. Following a three-week trial in Missouri state court, jurors deliberated for about a day before returning a verdict in favor of plaintiff Gloria Ristesund.

J&J spokeswoman Carol Goodrich declared that decision contradicted 30 years of research supporting the safety of cosmetic talc. The firm aims to appeal the jury’s decision and will continue defending its products’ safety, she said. Ristesund reported that she used J&J’s talc-based powder products – which include the well-known Baby Powder and Shower to Shower Powder on her genitals for decades. According to her lawyers, she was diagnosed with ovarian cancer and had to undergo a hysterectomy and related surgeries.

Johnson & Johnson (NYSE:JNJ) attempts to attain leading position in street, Shares price changes as it 0.60% to close at $112.75 with the total traded volume of 5.18 Million shares. The firm has institutional ownership of 67.30%, while insider ownership included 0.02%. Its price to sales ratio ended at 4.45. JNJ attains analyst recommendation of 2.30 with week performance of -0.67%.

Community Health Systems, Inc. (NYSE:CYH) [Trend Analysis] declared that its lesser than anticipated Q1 results, while competitor Tenet Healthcare Corp traded higher after releasing more patients received care at its hospitals. Community Health, second-leading U.S. for-profit hospital chain, said earnings before interest, tax, depreciation and amortization (EBITDA), excluding special items, were $633 million in the quarter, down from $715 million a year ago.

Analysts on average were expecting Community to report EBITDA of about $704 million, according to Thomson Reuters I/B/E/S. Tenet reported a net loss for the first quarter as litigation expenses hurt results. However, it restated its full-year outlook for earnings excluding special items as patient admissions rose, sending its shares up 5.9 percent in after-hours trading. Tenet, the third-largest for-profit hospital operator, posted a net loss of $59 million, or 60 cents a share, including both continuing and discontinued operations. That compared with net income of $47 million, or 47 cents, a year ago.

Community Health Systems, Inc. (NYSE:CYH) try to make new thrust in street and making different trends, stocks trading ended with -17.51% to $15.74. The share price of CYH attracts active investors, as stock price of week volatility recorded 6.05%. The stock is going forward to its 52-week low with 22.40% and lagging behind from its 52-week high price with -75.78%.

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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