Abbott Laboratories’s filing revealed that its CHAIRMAN AND CEO Ford Robert B unloaded Company’s shares for reported $16.49 million on Sep 12 ’24. In the deal valued at $116.41 per share,141,679 shares were sold. As a result of this transaction, Ford Robert B now holds 220,059 shares worth roughly $-25.8 million.
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Then, Robert B. Ford bought 141,679 shares, generating $16,492,852 in total proceeds.
Before that, MCCOY JOHN A. JR. sold 27 shares. Abbott Laboratories shares valued at $3,100 were divested by the VICE PRESIDENT at a price of $114.83 per share. As a result of the transaction, MCCOY JOHN A. JR. now holds 18,681 shares, worth roughly $2.19 million.
Oppenheimer initiated its Abbott Laboratories [ABT] rating to an Outperform in a research note published on October 08, 2024; the price target was $130. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Edward Jones also remained covering ABT and has decreased its forecast on July 30, 2024 with a “Hold” recommendation from previously “Buy” rating. Goldman started covering the stock on May 30, 2024. It rated ABT as “a Buy”.
Price Performance Review of ABT
On Monday, Abbott Laboratories [NYSE:ABT] saw its stock jump 0.97% to $117.25. Over the last five days, the stock has gained 3.43%. Abbott Laboratories shares have risen nearly 6.52% since the year began. Nevertheless, the stocks have risen 30.00% over the past one year. While a 52-week high of $121.64 was reached on 03/08/24, a 52-week low of $89.67 was recorded on 07/18/24. SMA at 50 days reached $113.22, while 200 days put it at $110.29.
Levels Of Support And Resistance For ABT Stock
The 24-hour chart illustrates a support level at 116.29, which if violated will result in even more drops to 115.34. On the upside, there is a resistance level at 117.89. A further resistance level may holdings at 118.54. The Relative Strength Index (RSI) on the 14-day chart is 63.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.59%. Stochastics %K at 83.30% indicates the stock is a selling.
How much short interest is there in Abbott Laboratories?
A steep rise in short interest was recorded in Abbott Laboratories stocks on 2024-09-30, dropping by -0.92 million shares to a total of 11.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 12.75 million shares. There was a decline of -7.82%, which implies that there is a negative sentiment for the stock.
