Abbott Laboratories (ABT) - Daily Digest

Posted on 06/21/2012 by Evelyn Greenberg


NEW YORK (AVAFIN) -- Abbott Laboratories options set a new 90-day record for the number of call contracts that exchanged hands between the buyers and the sellers. Aggregate volume of puts was 3,791 and calls was 12,904 equating to a 0.29 put/call ratio.

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The ratio skew implies that investors are hedging their positions in anticipation of a stock move. Today's unusual volume activity confirms that traders are re-balancing their portfolios.

Splitting the company into two could create distractions for management as well as reverse cost synergies such as increasing duplicative areas of operations. Additionaly, Lack of robust internal development casts a shadow on the company's ability to create blockbusters in-house.

Shares of Abbott Laboratories slipped $0.58 (0.92%) to $62.24. The last trading session witnessed a low of $62.22 and high of $63.12 during the day. The current trading volume of 5M is less than average volume of 6M shares. ABT is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $46.29 and 52 week high is $63.20. To date, the stock has gained 0.40% within the last month.

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