Shares of Abbott Laboratories (NYSE:ABT) traded at a new 12-month high today of $142.60. This new high was reached on below average trading volume as 814,000 shares traded hands, while the average 30-day volume is approximately 5.6 million shares.
Over the past year, Abbott Laboratories has traded in a range of $105.36 to $142.60 and is now at $139.69, 33% above that low.
Abbott Laboratories is currently priced 38.3% above its average consensus analyst price target of $86.25.
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.
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