Abbvie Inc’s recently made public that its SVP, CONTROLLER Buckbee Kevin K unloaded Company’s shares for reported $0.31 million on Dec 16 ’24. In the deal valued at $172.24 per share,1,800 shares were sold. As a result of this transaction, Buckbee Kevin K now holds 6,983 shares worth roughly $1.27 million.
Then, Buckbee Kevin K bought 1,800 shares, generating $310,045 in total proceeds.
Before that, Hudson Thomas J bought 49,170 shares. Abbvie Inc shares valued at $9,297,210 were divested by the Officer at a price of $189.08 per share.
A number of analysts have revised their coverage, including Daiwa Securities’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Neutral”. Leerink Partners also remained covering ABBV and has increased its forecast on November 22, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Wolfe Research started covering the stock on November 15, 2024. It rated ABBV as “an Outperform”.
Price Performance Review of ABBV
On Friday, Abbvie Inc [NYSE:ABBV] saw its stock jump 0.99% to $181.22. Over the last five days, the stock has gained 1.13%. Abbvie Inc shares have risen nearly 1.98% since the year began. Nevertheless, the stocks have risen 12.94% over the past one year. While a 52-week high of $207.32 was reached on 01/03/25, a 52-week low of $153.58 was recorded on 01/02/25. SMA at 50 days reached $180.87, while 200 days put it at $178.80.
Levels Of Support And Resistance For ABBV Stock
The 24-hour chart illustrates a support level at 179.49, which if violated will result in even more drops to 177.76. On the upside, there is a resistance level at 182.26. A further resistance level may holdings at 183.30. The Relative Strength Index (RSI) on the 14-day chart is 56.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.98, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.08%. Stochastics %K at 87.27% indicates the stock is a selling.
How much short interest is there in Abbvie Inc?
A steep rise in short interest was recorded in Abbvie Inc stocks on 2024-12-13, dropping by -1.64 million shares to a total of 18.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 20.17 million shares. There was a decline of -8.84%, which implies that there is a negative sentiment for the stock.
