ABB - ABB Ltd: 52-Week High Recently Eclipsed (ABB)
Shares of ABB Ltd (NYSE:ABB) traded today at $36.02, eclipsing its 52-week high. Approximately 559,000 shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.
ABB Ltd (NYSE:ABB) is currently priced 6.7% above its average consensus analyst price target of $33.56.
In the past 52 weeks, ABB Ltd share prices are bracketed by a low of $24.07 and a high of $36.02 and is now at $35.99, 50% above that low price.
ABB is a global supplier of electrical equipment and automation products. Founded in the late 19th century, the company was created out of the merger of two old industrial companies--ASEA and BBC--and is now called Asea Brown Boveri Group, or ABB. The company is the number-one or number-two supplier in all of its core markets and the number-two robotic arm supplier globally. In automation, it offers a full suite of products for both discrete and process automation as well as industrial robotics.
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