Abbott Labs and CBS Among These Stock Price Winners May 2nd
Abbott Laboratories (NYSE:ABT): Abbott, which will split with its drug division later this year, is shifting its focus in emerging markets to basic products like nutrition supplements and generic drugs from breakthrough medicines like arthritis treatment Humira, reports the Wall Street Journal. The shares closed at $62.65, up $0.42 or 0.67% on the day. They have traded in a 52-week range of $46.29 to $62.57.
American Eagle Outfitters (NYSE:AEO): Consensus is 10c. Net sales for Q1 increased 18% to $719M, consensus $653.89M Comparable store sales increased 17%, including sales from AEO direct. The shares closed at $20.90, up $3.01 or 16.83% on the day. They have traded in a 52-week range of $10.00 to $18.61.
Arthur J. Gallagher (NYSE:AJG): Arthur J. Gallagher & Co. announced the acquisition of Schiff, Kreidler-Shell Insurance and Risk Services, a retail insurance broker providing property/casualty, employee benefits and risk management insurance and consulting services. Terms of the transaction were not disclosed. The shares closed at $37.34, down $0.39 or 1.03% on the day. They have traded in a 52-week range of $24.29 to $37.95.
Cbs Corp. (NYSE:CBS): CBS CEO Leslie Moonves said on the company’s earnings conference call yesterday that the company will “take a look” at Hulu (CMCSA, DIS, NWSA) if it shifts to an authentication model, and also noted that the company been in discussions with virtually”everyone” that is exploring a digital service regarding content deals, the Hollywood Reporter says. The shares closed at $34.19, up $0.77 or 2.3% on the day. They have traded in a 52-week range of $17.99 to $34.56.
The shares closed at $34.95, up $0.89 or 2.61% on the day. They have traded in a 52-week range of $N/A to $N/A.
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