ABB Ltd: 52-Week High Recently Eclipsed (ABB)

July 26, 2021 10:06:00

ABB Ltd (NYSE:ABB) traded today at a new 52-week high of $36.92. Approximately 388,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

ABB is a global supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies–ASEA and BBC–and is now called Asea Brown Boveri Group, or ABB. The company is the number-one or number-two supplier in all of its core markets and the number-two robotic arm supplier globally. In automation, it offers a full suite of products for both discrete and process automation as well as industrial robotics.

ABB Ltd (NYSE:ABB) is currently priced 7.4% above its average consensus analyst price target of $34.06.

Over the past year, ABB Ltd has traded in a range of $24.07 to $36.92 and is now at $36.77, 53% above that low.

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