Why Abbott Laboratories Stock Price Slumped on Tuesday

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Abbott Laboratories ( (ABT) - Get Report stock price slumped this morning.

"I think this is all a product of some of the loosening indoor and crowd gathering and mass restrictions that we are seeing ever since CDC eased its testing guidance for fully vaccinated individuals," said Jeff Marks, Senior Portfolio Analyst at Action Alerts PLUS, while speaking with Chris Versace, the co-manager of Trifecta Stocks and Stocks Under $10, this morning.  

Even though this is a disappointment for investors, Marks says "it's actually a confirmation that the reopening is going very well right after this memorial weekend."

Watch the video above to know more. 

Related: AMC Entertainment Gains on Fresh Share Sale to Mudrick Capital

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