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Stock impact report

Abbott Reveals Positive Outcome From REFLECT Studies, Stock Climbs [Yahoo! Finance]

Abbott Laboratories (ABT) 
Last abbott laboratories earnings: 4/16 07:30 am Check Earnings Report
US:NYSE Investor Relations: abbott.com/investors.html
Company Research Source: Yahoo! Finance
The findings revealed that the company's FreeStyle Librecontinuous glucose monitoring (CGM) technology helps significantly reduce the risk of hospitalization for heart complications in people with diabetes. Additionally, a similar reduction in heart-related hospitalizations was observed for those with Type 2 diabetes on insulin, using the Libre biowearable technology. After the announcement on May 15, Abbott shares edged up 1.1%, finishing at $134.80 on Friday. The company benefits from pioneering ground-breaking technology to support people living with diabetes, with its leading FreeStyle Libre continuous glucose monitoring portfolio, used presently by more than 7 million people across more than 60 countries. The latest transformative data shows how valuable the technology is for managing both diabetes and heart health. Hence, we expect the market sentiment toward ABT stock to remain positive surrounding this development. Abbott holds a market capitalization of $234.53 billion. Show less Read more
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