Abbvie Inc’s recently made public that its Officer Hudson Thomas J acquired Company’s shares for reported $9.3 million on Aug 08 ’24. In the deal valued at $189.08 per share,49,170 shares were bought.
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Then, GONZALEZ RICHARD A sold 66,500 shares, generating $12,403,580 in total proceeds. Upon selling the shares at $186.52, the EXECUTIVE CHAIRMAN OF BOARD now owns 446,599 shares.
Before that, Hudson Thomas J bought 101,886 shares. Abbvie Inc shares valued at $19,115,380 were divested by the Officer at a price of $187.62 per share.
HSBC Securities upgraded its Abbvie Inc [ABBV] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid May with a ‘”an Overweight”‘ rating. William Blair also remained covering ABBV and has increased its forecast on January 29, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. HSBC Securities revised its rating on December 18, 2023. It rated ABBV as “a Hold” which previously was an “a Buy”.
Price Performance Review of ABBV
On Friday, Abbvie Inc [NYSE:ABBV] saw its stock fall -0.08% to $194.19. Over the last five days, the stock has lost -0.05%. Abbvie Inc shares have risen nearly 25.31% since the year began. Nevertheless, the stocks have risen 30.03% over the past one year. While a 52-week high of $199.95 was reached on 09/03/24, a 52-week low of $135.85 was recorded on 05/30/24. SMA at 50 days reached $193.95, while 200 days put it at $175.56.
Levels Of Support And Resistance For ABBV Stock
The 24-hour chart illustrates a support level at 193.43, which if violated will result in even more drops to 192.68. On the upside, there is a resistance level at 195.09. A further resistance level may holdings at 195.99. The Relative Strength Index (RSI) on the 14-day chart is 50.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.10%. Stochastics %K at 51.47% indicates the stock is a holding.
How much short interest is there in Abbvie Inc?
A steep rise in short interest was recorded in Abbvie Inc stocks on 2024-09-30, dropping by -4.64 million shares to a total of 14.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 19.49 million shares. There was a decline of -31.21%, which implies that there is a negative sentiment for the stock.
