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ABBV Showing Recent Insider Activity

Recent activity shows that AbbVie, ABBV the Insider Confidence level is trending n/a due to Corporate Insiders of ABBV n/a n/a worth of shares in the last 3 months.  

Before you dig into this report it is important to remember that "Insider Buying" is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
 
"Insider Buying" is not a crime when the buying is based on public information. 
 
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell.  That's why people pay attention to insider buying.

Here is a list of the latest insider activity for ABBV:
  • Stewart Jeffrey Ryan - EVP & CCO, $4,408,248 worth of shares on 1 month ago
  • Strom Carrie C - SVP & Pres Global Allerg Aesth, $35,762 worth of shares on 1 day ago
  • Durkin Brian L - VP, Controller, $2,794,200 worth of shares on 1 month ago
  • Strom Carrie C - SVP & Pres Global Allerg Aesth, $120,900 worth of shares on 2 months ago
TipRanks.com reports that AbbVie currently has 17 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $163.24 . The target pricing ranges from a high forecast of $200.00 down to a low forecast of $115.00. AbbVie (ABBV)’s last closing price was $152.6 which would put the average price target at 6.97% upside.

In addition, TradingView issued a Sell rating for ABBV over the next month, Barchart.com has a buy rating and Yahoo! Finance has a Bullish short-term outlook

AbbVie, ABBV
Summary: AbbVie has become one of the top-most pharma companies after it acquired Allergan. The deal has transformed AbbVie's portfolio by lowering its dependence on Humira, its flagship product. AbbVie has one of the most popular cancer drugs in its portfolio, Imbruvica and its newest immunology drugs Skyrizi and Rinvoq position it well for long-term growth. AbbVie came into existence after Abbott Laboratories divested its pharmaceutical division. AbbVie enjoys leadership positions in key therapeutic areas including immunology, hematologic oncology, neuroscience, aesthetics, eye care and womens' health. Humira is approved for several autoimmune diseases like rheumatoid arthritis, active psoriatic arthritis, active ankylosing spondylitis, Crohn's disease and others. Imbruvica became part of the company's portfolio following the Pharmacyclics acquisition. Other key drugs include Venclexta, Botox Cosmetic, Botox Therapeutics, Vraylar, Skyrizi and Rinvoq.
  • Last Price: $152.6
  • Price Change: $1.64, 1.0864%
  • Yearly Gain: 37.13%
  • Market Cap: $269.66B
  • P/E Ratio: 21.912
Remember, securities are volatile, so please do your own research on ABBV. If you are interest in stocks like ABBV or stocks in the Healthcare sector, please click here.

TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>

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This information was sourced from various 3rd party public sources but to get the best insight into insider activity related to ABBV, you should consider joining TipRanks.com.

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