Johnson & Johnson Shares Fall After Vaccine Paused and Riot Blockchain Shares Surge as Bitcoin Reaches Record Highs
Johnson & Johnson
On Tuesday, shares of Johnson & Johnson fell, closing down 1.34%.
Shares of the American pharmaceutical company fell after the US Center for Disease Control and Prevention, and the US Food and Drug Administration announced they recommend pausing the administration of the company’s one-shot Covid-19 vaccine.
The recommendation comes after six women in the US reported developing a blood clot after receiving the J&J vaccine. One woman died, and one woman in Nebraska remains in critical condition.
Johnson & Johnson said the blood clots are extremely rare and urged those experiencing adverse symptoms after getting the vaccine to contact their health care provider.
Shares of Johnson and Johnson have risen a little over 1% this year.
On Tuesday, shares of Riot Blockchain surged, closing up 15%.
Shares of the Bitcoin mining company surged as Bitcoin reached all-time highs. The price of Bitcoin surged to an all-time high of 63,742.29 on Tuesday.
Shares also jumped Monday after the company updated investors on the state of mining. The company said they mined 491 Bitcoins in the first quarter, a substantial increase from last year. Bitcoin production in the first quarter was up 75% from the year-ago period. The company said it plans to give shareholders a monthly update on its mining progress.
Shares of Riot Blockchain are up over 230% this year.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.