Shares of Johnson & Johnson inched 0.89% higher to $161.34 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.83% to 4,399.76 and the Dow Jones Industrial Average rising 0.98% to 34,754.94. This was the stock’s third consecutive day of gains. Johnson & Johnson closed $18.58 short of its 52-week high ($179.92), which the company achieved on August 20th.
The stock underperformed when compared to some of its competitors Thursday, as Roche Holding AG Part. Cert. rose 1.65% to $383.72, Merck & Co. Inc. rose 1.59% to $81.94, and Pfizer Inc. rose 1.71% to $42.74. Trading volume (5.3 M) remained 432,174 below its 50-day average volume of 5.7 M.