Abbott Laboratories’s filing revealed 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 Friday, Abbott Laboratories [NYSE:ABT] saw its stock fall -0.15% to $118.77. Over the last five days, the stock has gained 1.29%. Abbott Laboratories shares have risen nearly 7.90% since the year began. Nevertheless, the stocks have risen 14.61% over the past one year. While a 52-week high of $121.64 was reached on 03/08/24, a 52-week low of $99.71 was recorded on 07/18/24. SMA at 50 days reached $115.76, while 200 days put it at $110.96.
Levels Of Support And Resistance For ABT Stock
The 24-hour chart illustrates a support level at 118.02, which if violated will result in even more drops to 117.28. On the upside, there is a resistance level at 119.35. A further resistance level may holdings at 119.94. The Relative Strength Index (RSI) on the 14-day chart is 59.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.85%. Stochastics %K at 73.11% 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 2024-11-15, dropping by -1.93 million shares to a total of 12.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.98 million shares. There was a decline of -16.01%, which implies that there is a negative sentiment for the stock.
