US DOJ Closes Criminal Investigation into Abbott's Baby Formula Plant

The US Department of Justice (DOJ) has closed its criminal investigation into Abbott Laboratories' baby formula manufacturing facility. According to the Wall Street Journal, no charges were filed as part of the investigation, and the case has been closed. This development follows Abbott's previous production issues and plant shutdown. Abbott had previously decided to halt production at its Sturgis, Michigan facility, leading to baby formula supply shortages. The company cooperated with the FDA to restart the plant and committed to improving production standards. The DOJ's closure of the investigation could reduce Abbott's legal risks in this process. Analysts suggest this decision could positively impact Abbott's stock performance. However, the company still faces some civil lawsuits and ongoing regulatory oversight related to the plant. Abbott remains focused on increasing production capacity to maintain its leading position in the baby formula market. This is not investment advice.

📊 ABT — Piyasa Yorumu

▲ up · 70%

The news removes a significant legal uncertainty for Abbott, creating a positive catalyst. Technical indicators also support this view: the stock is trading above its 20- and 50-day moving averages, and the RSI is at 60, not in overbought territory. Although the MACD is just below the signal line, it remains in positive territory, and the stock has risen nearly 4% in the last 24 hours. In the short term, this positive momentum is expected to continue, with the stock likely testing the $94 resistance level.

RSI 14

60.4

MACD

1.08

24h Δ

3.95%

📊 GOOGL — Piyasa Yorumu

▼ down · 60%

Although GOOGL shares fell 2.9% in the last close and the RSI at 33.4 is approaching oversold territory, the MACD remains negative and below the signal line. Trading below the 20-day and 50-day moving averages indicates short-term weakness. As the news headline is related to Abbott, there is no direct impact on GOOGL, but the downtrend may persist due to overall market sentiment and weak technical indicators. Caution is advised until a short-term recovery signal emerges.

RSI 14

33.4

MACD

-3.02

24h Δ

-2.89%

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