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Stock Alert: Abbott Shares Hit All-Time High

Shares of Abbott Laboratories (ABT) reached an all-time high of $113.72 Thursday morning, and are currently trading at $111.87, up $8.68 or 8.41% in regular session.

The company's BinaxNOW COVID-19 Ag Card rapid test for detection of COVID-19 infection has secured Emergency Use Authorization from the FDA. This test, which will be sold for $5, delivers results in just 15 minutes with no instrumentation. The company is hoping to ship tens of millions of tests in September, ramping to 50 million tests a month at the beginning of October.

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