Abbvie Inc (ABBV) gets rating Downgrade from Citigroup

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Abbvie Inc’s recent filing unveils 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 $10.17 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 $2.21 million.

Citigroup downgraded its Abbvie Inc [ABBV] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late April with a ‘”an Overweight”‘ rating. Daiwa Securities revised its rating on December 05, 2024. It rated ABBV as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of ABBV

On Friday, Abbvie Inc [NYSE:ABBV] saw its stock fall -0.70% to $191.08. Over the last five days, the stock has gained 0.66%. Abbvie Inc shares have risen nearly 7.53% since the year began. Nevertheless, the stocks have risen 13.94% over the past one year. While a 52-week high of $218.66 was reached on 03/10/25, a 52-week low of $163.52 was recorded on 04/09/25.

Levels Of Support And Resistance For ABBV Stock

The 24-hour chart illustrates a support level at 189.76, which if violated will result in even more drops to 188.43. On the upside, there is a resistance level at 192.94. A further resistance level may holdings at 194.79.

How much short interest is there in Abbvie Inc?

A steep rise in short interest was recorded in Abbvie Inc stocks on 2025-05-30, dropping by -3.91 million shares to a total of 15.89 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 19.8 million shares. There was a decline of -24.58%, which implies that there is a negative sentiment for the stock.

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