Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Abbvie Inc shares valued at $9,297,210 were purchased by Hudson Thomas J on Aug 08 ’24. At $189.08 per share, Hudson Thomas J acquired 49,170 shares.
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Also, GONZALEZ RICHARD A sold 66,500 shares, netting a total of over 12,403,580 in proceeds. Following the sale of shares at $186.52 each, the insider now holds 446,599 shares.
Before that, Hudson Thomas J had added 101,886 shares to its account. In a trade valued at $19,115,380, the Officer bought Abbvie Inc shares for $187.62 each.
As published in their initiating research note from Bernstein on October 17, 2024, Abbvie Inc [ABBV] has been a Mkt perform and the price target has been revised to $203. Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early June. As of May 17, 2024, Cantor Fitzgerald has initiated its “an Overweight” rating for ABBV. Earlier on January 29, 2024, William Blair upgraded its rating. Their new recommendation was “an Outperform” for ABBV stock which previously was a “a Mkt perform”.
Analyzing ABBV Stock Performance
During the last five days, there has been a drop of approximately -1.35%. Over the course of the year, Abbvie Inc shares have jumped approximately 21.24%. Shares of the company reached a 52-week high of $199.95 on 09/03/24 and a 52-week low of $153.58 on 05/30/24. A 50-day SMA is recorded $194.15, while a 200-day SMA reached $176.80. Nevertheless, trading volume fell to 4.27 million shares from 4.21 million shares the previous day.
Support And Resistance Levels for Abbvie Inc (ABBV)
According to the 24-hour chart, there is a support level at 187.16, which, if violated, would cause prices to drop to 186.45. In the upper region, resistance lies at 188.93. The next price resistance is at 189.99. RSI (Relative Strength Index) is 38.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.90, which suggests the price will decrease in the coming days. Percent R is at 80.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
