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.
Leerink Partners upgraded its Abbvie Inc [ABBV] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. Argus also remained covering ABBV and has increased its forecast on November 04, 2024 with a “Buy” recommendation from previously “Hold” rating. Bernstein started covering the stock on October 17, 2024. It rated ABBV as “a Mkt perform”.
Price Performance Review of ABBV
On Friday, Abbvie Inc [NYSE:ABBV] saw its stock jump 3.04% to $176.95. Over the last five days, the stock has gained 7.25%. Abbvie Inc shares have risen nearly 14.18% since the year began. Nevertheless, the stocks have risen 27.79% over the past one year. While a 52-week high of $207.32 was reached on 10/31/24, a 52-week low of $137.65 was recorded on 05/30/24. SMA at 50 days reached $189.45, while 200 days put it at $178.87.
Levels Of Support And Resistance For ABBV Stock
The 24-hour chart illustrates a support level at 174.01, which if violated will result in even more drops to 171.07. On the upside, there is a resistance level at 179.38. A further resistance level may holdings at 181.80. The Relative Strength Index (RSI) on the 14-day chart is 43.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.97%. Stochastics %K at 19.69% 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.
