ABB - Shares of ABB Ltd (ABB) Rise Above Previous 52-Week High

Shares of ABB Ltd (NYSE:ABB) traded today at $36.79, eclipsing its 52-week high. This new high was reached on below average trading volume as 521,000 shares traded hands, while the average 30-day volume is approximately 1.3 million shares.

ABB Ltd share prices have moved between a 52-week high of $36.79 and a 52-week low of $24.07 and are now trading 52% above that low price at $36.53 per share.

ABB Ltd (NYSE:ABB) is currently priced 6.8% above its average consensus analyst price target of $34.06.

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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