Abbvie Inc’s filing revealed that its EVP, CHIEF FINANCIAL OFFICER Reents Scott T unloaded Company’s shares for reported $3.75 million on Mar 14 ’25. In the deal valued at $212.34 per share,17,644 shares were sold. As a result of this transaction, Reents Scott T now holds 11,577 shares worth roughly $2.42 million.
Then, Reents Scott T bought 17,644 shares, generating $3,746,628 in total proceeds.
Before that, GONZALEZ RICHARD A sold 92,460 shares. Abbvie Inc shares valued at $18,964,471 were divested by the Director at a price of $205.11 per share. As a result of the transaction, GONZALEZ RICHARD A now holds 395,097 shares, worth roughly $82.64 million.
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 Monday, Abbvie Inc [NYSE:ABBV] saw its stock fall -0.40% to $209.17. Over the last five days, the stock has lost -2.47%. Abbvie Inc shares have risen nearly 17.71% since the year began. Nevertheless, the stocks have risen 18.66% over the past one year. While a 52-week high of $218.66 was reached on 03/10/25, a 52-week low of $153.58 was recorded on 01/22/25. SMA at 50 days reached $194.91, while 200 days put it at $186.18.
Levels Of Support And Resistance For ABBV Stock
The 24-hour chart illustrates a support level at 207.44, which if violated will result in even more drops to 205.71. On the upside, there is a resistance level at 210.96. A further resistance level may holdings at 212.75. The Relative Strength Index (RSI) on the 14-day chart is 56.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.96%. Stochastics %K at 34.60% 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 2025-02-28, dropping by -0.43 million shares to a total of 18.51 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 18.93 million shares. There was a decline of -2.3%, which implies that there is a negative sentiment for the stock.
