25-Apr-2024
AbbVie reports positive results from Rinvoq versus Dupixent study
Seeking Alpha News (Thu, 25-Apr 11:24 AM ET)
Notable earnings before Friday's open
Seeking Alpha News (Thu, 25-Apr 11:01 AM ET)
AbbVie Q1 Preview: Skyrizi and Rinvoq’s launches could help Q1
Seeking Alpha News (Thu, 25-Apr 10:22 AM ET)
PRNewswire (Thu, 25-Apr 8:00 AM ET)
Abbvie breaks six day winning cycle, trades in the red
Seeking Alpha News (Wed, 24-Apr 4:19 PM ET)
Wall Street Analysts Are Neutral on Top Healthcare Picks
TipRanks (Wed, 24-Apr 4:20 AM ET)
PRNewswire (Tue, 23-Apr 8:00 AM ET)
Dividend yield and growth stock list by Goldman
Seeking Alpha News (Mon, 22-Apr 11:04 AM ET)
EU regulators approve Pfizer antibiotic Emblaveo
Seeking Alpha News (Mon, 22-Apr 10:14 AM ET)
AbbVie (ABBV) Gets a Buy from Piper Sandler
TipRanks (Mon, 22-Apr 8:27 AM ET)
AbbVie is a pharmaceutical firm with a strong exposure to immunology (with Humira, Skyrizi, and Rinvoq) and oncology (with Imbruvica and Venclexta). The company was spun off from Abbott in early 2013. The 2020 acquisition of Allergan added several new products and drugs in aesthetics (including Botox).
Abbvie trades on the NYSE stock market under the symbol ABBV.
As of April 25, 2024, ABBV stock price declined to $167.29 with 5,161,647 million shares trading.
ABBV has a beta of 0.37, meaning it tends to be less sensitive to market movements. ABBV has a correlation of 0.05 to the broad based SPY ETF.
ABBV has a market cap of $296.21 billion. This is considered a Mega Cap stock.
Last quarter Abbvie reported $14 billion in Revenue and $2.79 earnings per share. This beat revenue expectation by $281 million and exceeded earnings estimates by $.02.
In the last 3 years, ABBV stock traded as high as $182.89 and as low as $105.56.
The top ETF exchange traded funds that ABBV belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.
ABBV has underperformed the market in the last year with a return of +5.6%, while the SPY ETF gained +23.6%. In the last 3 month period, ABBV fell short of the market, returning +2.8%, while SPY returned +4.1%. However, in the most recent 2 weeks ABBV has outperformed the stock market by returning -0.1%, while SPY returned -2.1%.
ABBV support price is $165.68 and resistance is $169.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ABBV stock will trade within this expected range on the day.