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 Daiwa Securities on December 05, 2024, Abbvie Inc [ABBV] has been rated down from an Outperform to a Neutral and the price target has been revised to $180. Analysts at Leerink Partners upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late November. As of November 15, 2024, Wolfe Research has initiated its “an Outperform” rating for ABBV. Earlier on November 04, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for ABBV stock which previously was a “a Hold”.
Analyzing ABBV Stock Performance
During the last five days, there has been a drop of approximately -3.77%. Over the course of the year, Abbvie Inc shares have jumped approximately 13.68%. 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 $187.30, while a 200-day SMA reached $179.07. Nevertheless, trading volume fell to 5.44 million shares from 0.1 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 174.23, which, if violated, would cause prices to drop to 172.28. In the upper region, resistance lies at 177.42. The next price resistance is at 178.66. RSI (Relative Strength Index) is 41.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.73, which suggests the price will increase in the coming days. Percent R is at 39.50%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
