Bristol-Myers upgraded at Leerink after AbbVie setback
Seeking Alpha News (Tue, 12-Nov 8:22 AM ET)
AbbVie Buy Rating Affirmed Despite Emraclidine Setback, Driven by Skyrizi and Rinvoq Growth
TipRanks (Tue, 12-Nov 6:08 AM ET)
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Dow ends session on top while S&P and Nasdaq inch up with CPI data looming
Seeking Alpha News (Mon, 11-Nov 4:04 PM ET)
Dow ends on top while S&P and Nasdaq inch out ahead with CPI data looming
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Dow, S&P, Nasdaq trade mixed as investors turn to upcoming CPI data
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Dow, S&P, Nasdaq trade higher as investors turn to upcoming CPI data
Seeking Alpha News (Mon, 11-Nov 10:28 AM ET)
AbbVie Stock Slips As $9 Billion Schizophrenia Studies Flunk, Bristol-Myers Stock Surges
Benzinga (Mon, 11-Nov 10:27 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 November 12, 2024, ABBV stock price declined to $171.09 with 9,787,203 million shares trading.
ABBV has a beta of -0.26, meaning it tends to be less sensitive to market movements. ABBV has a correlation of 0.03 to the broad based SPY ETF.
ABBV has a market cap of $302.12 billion. This is considered a Mega Cap stock.
Last quarter Abbvie reported $14 billion in Revenue and $3.00 earnings per share. This beat revenue expectation by $180 million and exceeded earnings estimates by $.08.
In the last 3 years, ABBV traded as high as $207.32 and as low as $115.01.
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 price return of +27.9% while the SPY ETF gained +37.1%. ABBV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.1% and -9.8%, respectively, while the SPY returned +12.3% and +2.8%, respectively.
ABBV support price is $172.44 and resistance is $176.42 (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 shares will trade within this expected range on the day.