Kenvue, Inc. ( (KVUE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Kenvue, Inc.’s stock experienced a decline due to mixed sentiment following a Texas lawsuit concerning Tylenol autism risks and anticipated lower sales for fiscal year 2025. Despite reporting third-quarter revenue slightly below expectations at $3.76 billion, the company is focusing on operational priorities to maintain its annual guidance. Additionally, Kenvue’s acquisition by Kimberly-Clark for $48.7 billion marks a strategic shift, with Kirk Perry appointed as the permanent CEO to enhance performance.
More about Kenvue, Inc.
YTD Price Performance: -30.77%
Average Trading Volume: 30,795,076
Technical Sentiment Signal: Sell
Current Market Cap: $27.58B
For further insights into KVUE stock on TipRanks’ Stock Analysis page.
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