Abbott CEO Buys $15 Million in Stock

Published: Nov 15, 2016

Count Abbott Laboratories CEO Miles White among those who see the company’s stock as a good buy.

White on Thursday bought nearly $15 million–worth of company stock, increasing his holdings in the company to about 3.1 million shares from a previous 2.7 million, according to U.S. Securities and Exchange Commission filings.

The amount of Abbott stock White holds is roughly double the 1.4 million shares White owned at the end of 2015, according to Abbott’s annual proxy filing with the SEC. White previously purchased $45.5 million of Abbott stock in July.

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