The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 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 a research note from Argus on November 04, 2024, Abbvie Inc [ABBV] has been rated up from a Hold to a Buy. Analysts at Bernstein started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in mid October. As of June 05, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for ABBV. Earlier on May 17, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for ABBV stock.
Analyzing ABBV Stock Performance
During the last five days, there has been a drop of approximately -0.15%. Over the course of the year, Abbvie Inc shares have jumped approximately 29.83%. Shares of the company reached a 52-week high of $207.32 on 10/31/24 and a 52-week low of $153.58 on 05/30/24. A 50-day SMA is recorded $194.39, while a 200-day SMA reached $178.46. Nevertheless, trading volume fell to 7.12 million shares from 5.11 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 199.32, which, if violated, would cause prices to drop to 197.43. In the upper region, resistance lies at 204.62. The next price resistance is at 208.03. RSI (Relative Strength Index) is 62.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.76, which suggests the price will increase in the coming days. Percent R is at 28.56%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
