Mead Johnson Nutrition CO (NYSE:MJN) is a pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, children's nutrition and other nutritional products. Mead Johnson Nutrition CO achieved its new 52 week high price of $78.15 where it was opened at $76.74 UP +1.00 points or +1.30% by closing at $77.71.
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Mead Johnson Nutrition CO recently Stroke its 52 Week High Price - NYSE:MJN
Mead Johnson Nutrition CO (NYSE:MJN) is a pediatric nutrition company. The Company manufactures, distributes and sells infant formulas, children's nutrition and other nutritional products. Mead Johnson Nutrition CO achieved its new 52 week high price of $77.40 where it was opened at $74.20 UP +1.41 points or +1.94% by closing at $74.01.
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Formula Maker Rebounds After FDA Defends Against Infant Death Allegations
Shares of Mead Johnson have been soaring higher today, along with the S&P 500, though for different reasons.
The United States Food & Drug Administration and the Centers for Disease Control announced this weekend that health inspectors have completed their testing on all formula samples collected from Mead Johnson and concluded that the Enfamil formula in question was safe.
Mead Johnson Nutrition CO Downtrend of Stocks at - NYSE:MJN
Mead Johnson Nutrition CO (NYSE:MJN) witnessed volume of 30.64 million shares during last trade however it holds an average trading capacity of 1.14 million shares. MJN last trade opened at $74.79 reached intraday low of $60.62 and went -10.09% down to close at $68.76.
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Formula Maker's Stock Drops on Alleged Infant Death
The Associated Press reports a second baby is sick with Cronabacter after reportedly claiming the life of a Lebanon, Missouri newborn. That first newborn, 10-day-old Avery Cornett was preliminarily diagnosed with the rare bacteria after reportedly being fed with the Enfamil baby formula by Meade Johnson.
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Mead Johnson Nutrition Company (NYSE:MJN) its board of directors had declared a regular quarterly common stock dividend of $0.26 per share for the quarter ending September 30, 2011. The dividend will be paid on October 3, 2011, to shareholders of record at close of business on September 23, 2011.