Company Shares of ABB Ltd (NYSE:ABB) Drops by -5.07%

ABB Ltd (NYSE:ABB) : During the past 4 weeks, traders have been relatively bearish on ABB Ltd (NYSE:ABB), hence the stock is down -10.06% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -6.27% relative to the S&P 500. The 4-week change in the price of the stock is -8.61% and the stock has fallen -5.07% in the past 1 week.

The company shares have dropped -8.96% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $21.64 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.43 and the 200 Day Moving Average price is recorded at $19.04.

The stock has recorded a 20-day Moving Average of 6.5% and the 50-Day Moving Average is 7.99%.


ABB Ltd (NYSE:ABB): stock turned positive on Friday. Though the stock opened at $18.75, the bulls momentum made the stock top out at $18.935 level for the day. The stock recorded a low of $18.72 and closed the trading day at $18.9, in the green by 1.57%. The total traded volume for the day was 1,528,012. The stock had closed at $18.608 in the previous days trading.

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.

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