Is There Now an Opportunity in Kenvue After Latest 20% Share Price Drop?
If you are trying to figure out whether to hold onto your Kenvue shares, add more to your portfolio, or sit this one out, you are definitely not alone. Investors have watched Kenvue’s stock price take a hit lately, dipping 4.9% in the past week and slipping more than 20% over the last month. It has been a rough ride for the stock so far this year, with shares down 19% year-to-date and over 22% compared to this time last year. Those numbers might seem troubling at first glance, but a deeper look suggests there might be more to the story.
Behind Kenvue’s rocky performance are several market factors. Shifting investor sentiment toward consumer health names, as well as sector-wide uncertainties, have weighed down the stock….
