#JNJ November 25
We may earn money or products from the companies mentioned in this post.
Throughout November 2024, several of us are taking part in the 30-Day Dow Jones Coach4aday Challenge. Each day, we explore the history or learn about a company within the DJIA—a key economic and stock market indicator. Today’s post is on the company Johnson & Johnson that has the stock symbol JNJ.
JNJ has been a company for a while. It was founded in 1886 in New Brunswick, New Jersey, by brothers Robert, James, and Edward Johnson. In the 19th century three products helped launch the business. Those were ready-to-use surgical dressings, which were revolutionary for improving sterility in medical care. They also introduced antiseptic surgical products, inspired by Joseph Lister’s work on germ theory, and the first-ever first aid kits.
Johnson & Johnson (JNJ) had its initial public offering (IPO) in 1944. It became part of the Dow Jones Industrial Average (DJIA). The company joined the Dow on March 17, 1997. It replaced Bethlehem Steel in the index. The stock price in March 1997 was under $14.00 a share. Its price on November 22, 2024, was $155.17.
Dow Jones 30-Day Challenge Guidelines
Like previous challenges there are no hard and fast rules to participate. There are a few suggested guidelines
- Each day in November 2024 write about the history or a company that makes up the Dow Jones.
- Share at least one fact about that company.
- If so inclined use the hash tag #Coach4adayChallenge on social media platforms
November 25th-JNJ
In 2023 the company’s biggest selling product is Stelara. It accounted for 11 billion dollars in sales. If you were a shareholder of JNJ in 1970 you have become the benefactor of 6 stock splits. Those changes would take one share and turn it into 144 shares. This is one of many examples of owning blue chip stocks and holding on to them. The owners of the NY Jets Woody and Chris Johnson are amongst the 4th generation heirs to JNJ.
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