Abbott Laboratories (NYSE:ABT) traded today at a new 52-week high of $129.40. Approximately 642,000 shares have changed hands today, as compared to an average 30-day volume of 4.1 million shares.
Abbott manufactures and markets medical devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.
Abbott Laboratories (NYSE:ABT) is currently priced 30.4% above its average consensus analyst price target of $89.75.
Over the past year, Abbott Laboratories has traded in a range of $100.34 to $129.40 and is now at $128.88, 28% above that low.
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