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.
Daiwa Securities downgraded its Abbvie Inc [ABBV] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who increased its forecast for the stock in late November from “a Market perform” to “an Outperform”. Wolfe Research began covering ABBV with “an Outperform” recommendation on November 15, 2024. Argus revised its rating on November 04, 2024. It rated ABBV as “a Buy” which previously was an “a Hold”.
Price Performance Review of ABBV
On Monday, Abbvie Inc [NYSE:ABBV] saw its stock jump 0.22% to $176.57. Over the last five days, the stock has lost -2.86%. Abbvie Inc shares have risen nearly 13.94% since the year began. Nevertheless, the stocks have risen 19.33% over the past one year. While a 52-week high of $207.32 was reached on 10/31/24, a 52-week low of $145.20 was recorded on 05/30/24. SMA at 50 days reached $186.62, while 200 days put it at $179.06.
Levels Of Support And Resistance For ABBV Stock
The 24-hour chart illustrates a support level at 174.59, which if violated will result in even more drops to 172.61. On the upside, there is a resistance level at 178.34. A further resistance level may holdings at 180.11. The Relative Strength Index (RSI) on the 14-day chart is 42.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.54%. Stochastics %K at 61.18% 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.
The most recent change occurred on October 17, 2024 when Bernstein began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $203 price target.
