Watch for Continued Gains in Shares of Abbott Laboratories

Shares of Abbott Laboratories ABT traded today at $132.41, eclipsing its 12-month high. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 5.1 million shares.

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.

Abbott Laboratories is currently priced 38.9% above its average consensus analyst price target of $80.75.

In the past 12 months, shares of Abbott Laboratories have traded between a low of $105.32 and a high of $132.41 and are now at $132.22, which is 26% above that low price.

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