In a filing, Abbvie Inc revealed 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.
Wolfe Research initiated its Abbvie Inc [ABBV] rating to an Outperform in a research note published on November 15, 2024; the price target was $205. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early November from “a Hold” to “a Buy”. Bernstein began covering ABBV with “Mkt perform” recommendation on October 17, 2024. HSBC Securities revised its rating on June 05, 2024. It rated ABBV as “a Buy” which previously was an “a Hold”.
Price Performance Review of ABBV
On Friday, Abbvie Inc [NYSE:ABBV] saw its stock fall -2.74% to $164.99. Over the last five days, the stock has lost -17.30%. Abbvie Inc shares have risen nearly 6.47% since the year began. Nevertheless, the stocks have risen 19.91% over the past one year. While a 52-week high of $207.32 was reached on 10/31/24, a 52-week low of $136.30 was recorded on 05/30/24. SMA at 50 days reached $192.04, while 200 days put it at $178.93.
Levels Of Support And Resistance For ABBV Stock
The 24-hour chart illustrates a support level at 163.26, which if violated will result in even more drops to 161.54. On the upside, there is a resistance level at 168.17. A further resistance level may holdings at 171.36. The Relative Strength Index (RSI) on the 14-day chart is 22.50, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -21.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.37%. Stochastics %K at 1.73% indicates the stock is a buying.
How much short interest is there in Abbvie Inc?
A steep rise in short interest was recorded in Abbvie Inc stocks on 2024-10-31, growing by 3.27 million shares to a total of 18.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.86 million shares. There was a rise of 18.04%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 17, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $200 price target.
