Abbott Laboratories’s recently made public that its Officer Funck, Jr. Robert E. acquired Company’s shares for reported $1.8 million on Nov 04 ’24. In the deal valued at $120.00 per share,15,000 shares were bought.
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Then, ALLEN HUBERT L sold 157,421 shares, generating $18,424,298 in total proceeds. Upon selling the shares at $117.04, the EXECUTIVE VICE PRESIDENT now owns 184,806 shares.
Before that, ALLEN HUBERT L bought 157,421 shares. Abbott Laboratories shares valued at $18,715,783 were divested by the Officer at a price of $118.89 per share.
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 1.26% to $117.36. Over the last five days, the stock has gained 0.48%. Abbott Laboratories shares have risen nearly 6.62% since the year began. Nevertheless, the stocks have risen 17.06% over the past one year. While a 52-week high of $121.64 was reached on 03/08/24, a 52-week low of $97.64 was recorded on 07/18/24. SMA at 50 days reached $115.55, while 200 days put it at $110.75.
Levels Of Support And Resistance For ABT Stock
The 24-hour chart illustrates a support level at 115.93, which if violated will result in even more drops to 114.51. On the upside, there is a resistance level at 118.36. A further resistance level may holdings at 119.37. The Relative Strength Index (RSI) on the 14-day chart is 55.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.82%. Stochastics %K at 42.31% indicates the stock is a holding.
How much short interest is there in Abbott Laboratories?
A steep rise in short interest was recorded in Abbott Laboratories stocks on 2024-10-31, growing by 2.24 million shares to a total of 14.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.83 million shares. There was a rise of 15.95%, which implies that there is a positive sentiment for the stock.
