Abbott Laboratories (ABT)

Abbott Laboratories (ABT)


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Abbott Laboratories (ABT) Profile

Abbott Laboratories (ABT.xnys) is a multinational medical devices and health care company headquartered in Abbott Park, Illinois, America. Abbott sells medical devices, diagnostics, branded generic medicines and nutritional products, and its well-known products are Pedialyte, Similac, Ensure, Glucerna, ZonePerfect, FreeStyle Libre, i-STAT and MitraClip. The company operates in over 160 countries and employs 109,000 people. Due to the COVID-19 pandemic, Abbott delivered more than 400M tests at the beginning and 300M in the fourth quarter of 2020. Abbott has been an important key for detecting the complex virus and getting patients treatment but also brought faster testing with a low-cost rapid antigen test that helped schools and workplaces reopen earlier. The Abbott Laboratories stock (ABT.xnys) is listed on the New York Stock Exchange (NYSE), had a market capitalisation of $240.08B (USD) as of January 2022 and $34.61B in 2020 yearly revenue. Abbott, after the acquisition of WALK Vascular in September 2021, announced that the Food and Drug Administration (FDA) had approved new expanded magnetic resonance imaging (MRI) compatibility for its Proclaim XR Spinal Cord Stimulation (SCS) System with Octrode leads.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
16:30-23:00
Mon
16:30-23:00
Tue
16:30-23:00
Wed
16:30-23:00
Thu
16:30-23:00
Sun
Closed
Sat
Closed

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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