Johnson & Johnson JNJ shares are trading higher by $0.90 at $113.58 in Wednesday's session. The issue is following thorough on its Q1 beat and raised guidance that was before the bell on Tuesday.
Buyers came in right at the opening and instigated a higher open and after only a $0.14 pullback to $113.05, it embarked on a rally.
So far, it has surpassed its former all-time high ($113.95), reaching $114.11 before falling back into the $113 handle. At this time, it's still trading well above its all-time closing high from Tuesday at $112.69.
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