Mead Johnson Nutrition Company (MJN) : During the past 4 weeks, traders have been relatively bearish on Mead Johnson Nutrition Company (MJN), hence the stock is down -4.41% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.83% relative to the S&P 500. The 4-week change in the price of the stock is -1.2% and the stock has fallen -2.9% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.66% and the 50-Day Moving Average is 2.83%. Mead Johnson Nutrition Company is up 2.85% in the last 3-month period. Year-to-Date the stock performance stands at 14.16%.
Mead Johnson Nutrition Company (NYSE:MJN): On Fridays trading session , Opening price of the stock was $88.91 with an intraday high of $90.515. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $88.86. However, the stock managed to close at $89.2, a loss of 0.77% for the day. On the previous day, the stock had closed at $89.89. The total traded volume of the day was 2,067,616 shares.
Also, In the latest statement by the brokerage house, Societe Generale downgrades its outlook on Mead Johnson Nutrition Company (NYSE:MJN). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Buy. The rating by the firm was issued on July 29, 2016.
Mead Johnson Nutrition Company (Mead Johnson) is a global pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, childrens nutrition and other nutritional products. Its product portfolio includes routine and specialty infant formulas, childrens milks and milk modifiers, dietary supplements for pregnant and breastfeeding mothers, pediatric vitamins, and products for pediatric metabolic disorders. The Company operates through three segments: Asia, Latin America and North America/Europe. The Companys Enfa family of brands, including Enfamil infant formula, is a brand franchise in pediatric nutrition. Its product portfolio addresses a range of nutritional needs for infants, children and expectant and nursing mothers. The Company markets its portfolio of more than 70 products to mothers, healthcare professionals and retailers in more than 50 countries in Asia, North America, Latin America and Europe.