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Johnson & Johnson exec VP, CFO Wolk sells $21.7 million in stock
Johnson & Johnson’s Executive Vice President and CFO, Joseph J. Wolk, sold 84,654 shares of company stock for approximately $21.7 million and exercised options to acquire 66,475 shares. Following the transactions, Wolk directly owns 38,961 shares, with additional indirect holdings. Separately, Johnson & Johnson plans a new cell therapy manufacturing facility and faces a $250,000 talc powder lawsuit verdict, while analysts from RBC Capital and Morgan Stanley have increased their price targets for the stock.