Stocks to Watch: Johnson & Johnson, Leonardo DRS, Smart Global Holdings
By Sabela Ojea
Johnson & Johnson said Tuesday it has proposed to pay at least $8.9 billion to thousands of people who sued the company alleging that their use of J&J's talc-containing powders caused cancer, in what would be one of the biggest product-liability settlements. Shares rose 3% to $163.20 in after-hours trading.
Leonardo DRS Inc. said it has won several U.S. Navy contracts worth over $1 billion. Shares of the defense contractor climbed 7.1% to $14.29 in after-hours trading.
Smart Global Holdings Inc. reported a swing to a loss and posted lower sales in the latest quarter. Shares of the specialty solutions manufacturer for the computing, memory and LED markets fell 4.4% to $15.80 in after-hours trading.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
April 04, 2023 19:41 ET (23:41 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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