What's Going On With NKE Stock And JNJ Stock Today?

Nike Inc NKE shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $160 to $140 per share.

Nike is the largest athletic footwear and apparel brand in the world. It designs, develops, and markets athletic apparel, footwear, equipment, and accessories in six major categories: running, basketball, soccer, training, sportswear, and Jordan. Footwear generates about two-thirds of Nike's sales in 2021.

Johnson & Johnson JNJ shares are trading higher after the company reported better-than-expected first-quarter earnings results and raised its quarterly dividend. The company also reported $100 million in COVID-19 vaccine sales.

Johnson & Johnson is the world's largest and most diverse healthcare firm. Three divisions make up the firm: pharmaceutical, medical devices and diagnostics, and consumer.