Abbott Laboratories (ABT) was Smart Insider's stock pick of the week after Chief Financial Officer Philip Boudreau bought $1.1 million worth of company shares at $91.93 apiece on April 23.
The CFO owned $6.5 million in stock and more than 200,000 options before the recent transaction, making it "unlikely" that he was under "pressure" to make "such a large purchase," Smart Insider said in a Tuesday note.
Smart Insider renewed the stock +1, or strong positive signal, on April 28.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments