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Grove Bank & Trust cuts Abbott stake by 20%, while Abbott prepares to close Exact Sciences acquisition.

Market News
22 Mar 2026
Defense World
View Source
Neutral
pluang ai news

Grove Bank & Trust reduced its holdings in Abbott Laboratories by nearly 20% in Q4, selling 6,678 shares worth about $3.36 million. Meanwhile, Abbott is set to complete its acquisition of Exact Sciences on March 23, 2026, expanding its cancer diagnostics business. The company reported Q4 earnings in line with expectations and announced a quarterly dividend of $0.63 per share. Despite some analyst price target cuts, Abbott maintains a moderate buy rating with growth prospects tied to diagnostics and aging population trends.

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