From Stocktwits: 2025-04-02 00:20:00

Johnson & Johnson faces setback as court rejects attempt to settle talc-related lawsuits via bankruptcy, causing stock to drop by 7.6%. Retail investors remain resilient. Texas judge dismisses $10 billion Chapter 11 filing for talcum powder claims, citing flawed voting process. J&J to fight accusations of promoting baby powder despite known risks. Company reverts to tort system, highlighting legal successes in past cases. Stocktwits sentiment shifts to ‘neutral’ with a surge in message volume, some traders see drop as overreaction. Morgan Stanley expects stock to retrace year-to-date gains. J&J shares up in after-hours trading.



Read more at Stocktwits: J&J Retail Traders Unfazed By Court Rejecting 3rd Talc Settlement, But Analyst Sees Stock Pullback Risk