Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Abbvie Inc shares valued at $310,032 were sold by Buckbee Kevin K on Dec 16 ’24. At $172.24 per share, Buckbee Kevin K sold 1,800 shares. The insider’s holdings dropped to 6,983 shares worth approximately $1.26 million following the completion of this transaction.
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Also, Buckbee Kevin K purchased 1,800 shares, netting a total of over 310,045 in proceeds.
Before that, Hudson Thomas J had added 49,170 shares to its account. In a trade valued at $9,297,210, the Officer bought Abbvie Inc shares for $189.08 each.
Analysts at Daiwa Securities downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of November 22, 2024, Leerink Partners has increased its “Market perform” rating to a “an Outperform” for ABBV. Earlier on November 15, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for ABBV stock.
Analyzing ABBV Stock Performance
During the last five days, there has been a surge of approximately 1.92%. Over the course of the year, Abbvie Inc shares have jumped approximately 15.34%. 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 $182.13, while a 200-day SMA reached $178.83. Nevertheless, trading volume fell to 2.69 million shares from 5.78 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 178.50, which, if violated, would cause prices to drop to 177.01. In the upper region, resistance lies at 180.83. The next price resistance is at 181.67. RSI (Relative Strength Index) is 52.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.92, which suggests the price will increase in the coming days. Percent R is at 1.71%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
