ABB Ltd (ABB) has risen sharply, recording gains of 2.78% in the past 4 weeks. However, the stock has corrected -1% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.99% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.54% and the fifty day Moving Average is 6.29%. ABB Ltd. is up 8.31% in the last three month period. Year-to-Date the stock performance stands at 28.23%.
ABB Ltd (ABB) : Average target price received by ABB Ltd (ABB) is $20.62 with an expected standard deviation of $1.79. The most aggressive target on the stock is $22, whereas the most downbeat target is $18. 4 financial analysts are currently covering the stock.
ABB Ltd (NYSE:ABB): On Fridays trading session , Opening price of the stock was $22.03 with an intraday high of $22.26. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $21.76. However, the stock managed to close at $21.84, a loss of 0.46% for the day. On the previous day, the stock had closed at $21.94. The total traded volume of the day was 1,455,403 shares.
ABB Ltd (ABB) is engaged in power and automation technologies. The Company manages its business -based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications. The Process Automation division provides engineered solutions, products and services for process control, safety, instrumentation, plant electrification and energy management. The Power Products division offers a portfolio of products and services to facilitate power generation, transmission and distribution. The Power Systems division offers solutions for power and water plants, grid integration and automation, as well as a range of systems and services for the generation, transmission and distribution of electricity. The Company operates in approximately 100 countries.