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 Monday, Abbvie Inc [NYSE:ABBV] saw its stock fall -0.63% to $181.77. Over the last five days, the stock has gained 2.72%. Abbvie Inc shares have risen nearly 17.29% since the year began. Nevertheless, the stocks have risen 27.66% over the past one year. While a 52-week high of $207.32 was reached on 10/31/24, a 52-week low of $138.01 was recorded on 05/30/24. SMA at 50 days reached $188.19, while 200 days put it at $179.04.
Levels Of Support And Resistance For ABBV Stock
The 24-hour chart illustrates a support level at 179.52, which if violated will result in even more drops to 177.27. On the upside, there is a resistance level at 183.36. A further resistance level may holdings at 184.95. The Relative Strength Index (RSI) on the 14-day chart is 49.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.93, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.09%. Stochastics %K at 77.37% 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 2024-11-15, growing by 3.99 million shares to a total of 20.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 16.18 million shares. There was a rise of 19.76%, which implies that there is a positive sentiment for the stock.
