Alere Inc. Common Stock (NYSE:ALR) is climbing in the market at the moment, and for good reason. A ruling in a key legal case is imminent. As a result, investor excitement is pushing the stock upward, which prompted our partners at Trade Ideas to alert us to the movement. At the moment (11:48), ALR is trading at $42.81 per share after a gain of $3.07 per share (7.73%) thus far today.
ALR Climbs As Ruling In ABT Case Is Imminent
As mentioned above, Alere is having an overwhelmingly strong time in the market at the moment, and for good reason. Court filings in the case between ALR and Abbot (NYSE:ABT) are circulating, exciting investors about the likely outcome of an Alere win. A ruling is imminent and expected by no later than late April.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on the case between ALR and ABT. In particular, we’re interested in seeing the outcome of the ruling, which should be made available no later than the end of this month. We’ll continue to follow the story closely and bring the news to you as it breaks.
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