Abbvie Inc’s recently made public that its EVP, CHIEF COMMERCIAL OFFICER Stewart Jeffrey Ryan unloaded Company’s shares for reported $12.36 million on Mar 31 ’25. In the deal valued at $210.08 per share,58,832 shares were sold. As a result of this transaction, Stewart Jeffrey Ryan now holds 53,234 shares worth roughly $9.21 million.
Then, Stewart Jeffrey Ryan bought 58,832 shares, generating $12,359,897 in total proceeds.
Before that, Reents Scott T sold 17,644 shares. Abbvie Inc shares valued at $3,746,527 were divested by the EVP, CHIEF FINANCIAL OFFICER at a price of $212.34 per share. As a result of the transaction, Reents Scott T now holds 11,577 shares, worth roughly $2.0 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 Thursday, Abbvie Inc [NYSE:ABBV] saw its stock jump 0.76% to $172.99. Over the last five days, the stock has lost -0.69%. Abbvie Inc shares have fallen nearly -2.65% since the year began. Nevertheless, the stocks have risen 6.43% 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 04/09/25. SMA at 50 days reached $199.44, while 200 days put it at $187.99.
Levels Of Support And Resistance For ABBV Stock
The 24-hour chart illustrates a support level at 171.53, which if violated will result in even more drops to 170.07. On the upside, there is a resistance level at 174.82. A further resistance level may holdings at 176.66. The Relative Strength Index (RSI) on the 14-day chart is 30.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.99%. Stochastics %K at 19.75% indicates the stock is a buying.
How much short interest is there in Abbvie Inc?
A steep rise in short interest was recorded in Abbvie Inc stocks on 2025-03-31, dropping by -1.36 million shares to a total of 17.14 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 18.51 million shares. There was a decline of -7.96%, which implies that there is a negative sentiment for the stock.