What’s in ABB Ltd (ADR) After Today’s Bullish Options Activity?

 What's in ABB Ltd (ADR) After Today's Bullish Options Activity?

In today’s session ABB Ltd (ADR) (ABB) registered an unusually high (1,845) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious ABB increase. With 1,845 contracts traded and 25314 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: ABB170317C00023000 closed last at: $0.35 or 0% . About 1.21 million shares traded hands. ABB Ltd (ADR) (NYSE:ABB) has risen 5.46% since March 30, 2016 and is uptrending. It has outperformed by 2.45% the S&P500.

ABB Ltd (ADR) (NYSE:ABB) Ratings Coverage

Out of 10 analysts covering ABB Ltd (NYSE:ABB), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. ABB Ltd has been the topic of 15 analyst reports since August 21, 2015 according to StockzIntelligence Inc. The rating was reinitiated by BNP Paribas on Tuesday, February 9 with “Underperform”. Societe Generale upgraded the stock to “Hold” rating in Thursday, April 21 report. The company was initiated on Friday, September 4 by Berenberg. Robert W. Baird maintained it with “Neutral” rating and $21 target price in Thursday, April 21 report. Robert W. Baird maintained it with “Neutral” rating and $24 target price in Wednesday, October 5 report. JP Morgan downgraded the shares of ABB in a report on Tuesday, September 22 to “Underweight” rating. The company was upgraded on Friday, October 9 by Jefferies. The stock has “Neutral” rating given by UBS on Friday, January 22. The firm has “Hold” rating given on Friday, August 19 by HSBC. The firm earned “Outperform” rating on Thursday, September 1 by BNP Paribas.

According to Zacks Investment Research, “ABB Ltd, headquartered in Zurich, Switzerland, is engaged in providing power and automation technologies for its utility and industrial customers. The Company provides a range of products, systems, solutions and services that are designed to improve power grid reliability, increase industrial productivity and enhance energy efficiency. ABB is focused on power transmission, distribution and power-plant automation and serves electric, gas and water utilities, as well as industrial and commercial customers. Its Power Products division manufactures three categories of products: High-voltage Products, Medium-voltage Products and Transformers. The key technologies include high- and medium-voltage switchgear, circuit breakers for various current and voltage levels, power and distribution transformers, as well as sensors and products to automate and control electrical and other utility networks. ABB Ltd is structured into four regions: Europe, the Americas, Asia and the Middle East and Africa (MEA).”

ABB Ltd is engaged in power and automation technologies. The company has a market cap of $45.56 billion. The Firm manages its business based on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. It has a 26.73 P/E ratio. The Discrete Automation and Motion division provides low-voltage and medium-voltage drive products and systems for industrial, commercial and residential applications.

ABB Company Profile

ABB Ltd (ABB), incorporated on March 5, 1999, is engaged in power and automation technologies. The Firm provides a range of products, systems, solutions and services for utility and industry customers. The Firm manages its business on five divisions: Discrete Automation and Motion, Low Voltage Products, Process Automation, Power Products and Power Systems. The Firm operates in approximately 100 countries across four regions: Europe, the Americas, Asia, and the Middle East and Africa (MEA).

More notable recent ABB Ltd (ADR) (NYSE:ABB) news were published by: Marketwatch.com which released: “Plus the latest data from Realtor.com on 21 home markets across the US” on July 23, 2009, also Fool.com with their article: “Is ABB Ltd (ADR) Destined for Greatness?” published on June 10, 2014, Fool.com published: “Forget ABB Ltd. (ADR) and Check Out This German Robot Maker” on May 21, 2014. More interesting news about ABB Ltd (ADR) (NYSE:ABB) were released by: Etfdailynews.com and their article: “Best Dividend Stocks To Buy Now [General Electric Company, Siemens AG (ADR …” published on September 15, 2014 as well as Fool.com‘s news article titled: “Better Internet-of-Things Buy: ABB Ltd. or Eaton Corp.?” with publication date: November 15, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment