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Is Abbott Laboratories (ABT) a Stock to Watch After Losing -0.03% This Week?

Thursday, October 07, 2021 01:12 PM | InvestorsObserver Analysts

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Is Abbott Laboratories (ABT) a Stock to Watch After Losing -0.03% This Week?

The market has been down on Abbott Laboratories (ABT) stock recently. ABT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Abbott Laboratories has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on ABT!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With ABT Stock Today?

Abbott Laboratories (ABT) stock is trading at $118.09 as of 1:06 PM on Thursday, Oct 7, a rise of $1.57, or 1.35% from the previous closing price of $116.52. The stock has traded between $117.45 and $118.71 so far today. Volume today is light. So far 1,928,468 shares have traded compared to average volume of 4,776,016 shares. To screen for more stocks like Abbott Laboratories click here.

More About Abbott Laboratories

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. Click Here to get the full Stock Report for Abbott Laboratories stock.

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