The shares closed at $17.53 on Thursday as the S&P 500 gained 1.02% to 7,209.01 and the Dow rose 1.62% to 49,652.14.
Despite the advance, Kenvue finished 30.35% below its 52-week high of $25.17, reached on May 8.
Trading volume was 16.6 million shares, 6.6 million below its 50-day average of 23.2 million, indicating lighter-than-usual activity during the broader market rally.
Is Kenvue a dividend king with a poison pill, saddling its acquirer with massive legal risk?
With a $48.7B buyout looming, could Kenvue's billion-dollar lawsuits derail its massive deal with Kimberly-Clark?