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 $18,964,471 were sold by GONZALEZ RICHARD A on Feb 28 ’25. At $205.11 per share, GONZALEZ RICHARD A sold 92,460 shares. The insider’s holdings dropped to 395,097 shares worth approximately $83.27 million following the completion of this transaction.
Also, GONZALEZ RICHARD A sold 6,168 shares, netting a total of over 1,298,549 in proceeds. Following the sale of shares at $210.53 each, the insider now holds 388,929 shares.
Before that, Siatis Perry C had sold 18,008 shares from its account. In a trade valued at $3,781,680, the EVP, GC AND SECRETARY traded Abbvie Inc shares for $210.00 each. Upon closing the transaction, the insider’s holdings decreased to 18,008 shares, worth approximately $0.97 million.
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 2.79%. Over the course of the year, Abbvie Inc shares have jumped approximately 18.60%. Shares of the company reached a 52-week high of $215.66 on 03/04/25 and a 52-week low of $168.06 on 01/22/25. A 50-day SMA is recorded $186.75, while a 200-day SMA reached $183.02.
Support And Resistance Levels for Abbvie Inc (ABBV)
According to the 24-hour chart, there is a support level at 208.84, which, if violated, would cause prices to drop to 206.94. In the upper region, resistance lies at 212.32. The next price resistance is at 213.89. RSI (Relative Strength Index) is 73.41 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.00, which suggests the price will increase in the coming days. Percent R is at 19.65%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
