AbbVie Inc. (ABBV) Trades at 52-Week High

Faith Castro
September 12, 2017

(NYSE:ABBV) was up +1.95% during the last trading session, with a day high of 87.10. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.25% with $1.59 Billion sitting short, betting on future declines. It is down 10.63% since September 12, 2016 and is uptrending. It has outperformed by 29.15% the S&P500.

Highvista Strategies Llc decreased Abbvie Inc (ABBV) stake by 32.5% reported in 2016Q4 SEC filing. AbbVie Inc. (NYSE:ABBV) has been trading in a bullish manner, based on the relative positions of the stock's 20 and 200 day moving averages. First Command Financial Services Inc. now owns 1,565 shares of the company's stock worth $102,000 after acquiring an additional 99 shares in the last quarter.

AbbVie Inc.'s average Book Value per Share Growth Rate was 9 percent during the past 12 months. Nomura Asset Mgmt holds 0.02% or 10,660 shares.

While trading at volume above than average, Amgen Inc. It has underperformed by 6.07% the S&P500. Brandywine Glob Inv Ltd Liability Corp stated it has 2.55 million shares or 1.02% of all its holdings. (NYSE:MRK). Connors Investor Ser has 1.47% invested in Merck & Co., Inc. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Therefore 42% are positive. Aecom Technology had 29 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Wednesday, June 28 by Credit Suisse. The rating was downgraded by Credit Suisse on Monday, October 31 to "Neutral". Finally, Societe Generale upgraded shares of AbbVie from a hold rating to a buy rating in a research note on Thursday, June 22nd. Goldman Sachs maintained AbbVie Inc (NYSE:ABBV) on Friday, March 10 with "Buy" rating. The firm has "Buy" rating given on Thursday, May 25 by Jefferies. BidaskClub downgraded AbbVie from a "strong-buy" rating to a "buy" rating in a report on Friday, July 28th. The company's revenue for the quarter was up 7.6% on a year-over-year basis. JP Morgan initiated the shares of GE in report on Thursday, May 12 with "Underweight" rating.

Investors sentiment increased to 0.93 in Q4 2016. Its down 0.05, from 1.03 in 2016Q3. It improved, as 86 investors sold ABBV shares while 555 reduced holdings. Violich Cap Mgmt reported 90,867 shares. Gofen And Glossberg Limited Liability Com Il invested in 0.55% or 215,687 shares. Gemmer Asset Mngmt Ltd Com, a California-based fund reported 16,305 shares.

Hourglass Capital Llc decreased American Airls Group Inc (NASDAQ:AAL) stake by 87,598 shares to 291,440 valued at $13.61M in 2016Q4.

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Among 30 analysts covering Gilead Sciences (NASDAQ:GILD), 19 have Buy rating, 0 Sell and 11 Hold. (NYSE:ABBV) by 0.5% during the third quarter, Holdings Channel reports. Schafer Cullen Capital Mngmt has 82,847 shares for 0.07% of their portfolio. Shufro Rose And Ltd Limited Liability Company has invested 5.06% in General Electric Company (NYSE:GE). Nomura Asset Management Limited invested in 3,250 shares. Alphamark Ltd holds 4,200 shares or 0.14% of its portfolio. Moreover, Bellecapital Limited has 0.59% invested in AbbVie Inc (NYSE:ABBV). Cannell Peter B & Incorporated holds 1.21% or 532,425 shares in its portfolio. Gsa Capital Prtnrs Llp accumulated 59,423 shares or 0.25% of the stock.

Since May 4, 2017, it had 0 insider buys, and 5 sales for $18.84 million activity. Another trade for 22,000 shares valued at $207,460 was bought by Restrepo William J. Schumacher Laura J sold $5.59M worth of stock. Also, Chairman Richard A. Gonzalez sold 193,131 shares of the stock in a transaction that occurred on Monday, August 7th. About 6.65 million shares traded or 18.75% up from the average.

Investors sentiment increased to 1.53 in 2016 Q4.

Since March 24, 2017, it had 0 insider buys, and 1 sale for $332,125 activity. Shares have risen 3.00% over the trailing 6 months. Robecosam Ag has invested 0.06% of its portfolio in ManpowerGroup Inc. Charter, a New Hampshire-based fund reported 20,764 shares. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data. Finally, Tradewinds Capital Management LLC raised its holdings in shares of AbbVie by 87.2% during the 1st quarter. Stifel holds 356,874 shares or 0.11% of its portfolio. Mason Street Advsr Ltd Liability Co holds 0% of its portfolio in Fred's, Inc. Morgan Stanley invested in 0.02% or 893,770 shares. 3,985 were accumulated by Whittier. Management owns 2,780 shares. The firm has "Hold" rating given on Wednesday, April 19 by BMO Capital Markets. Therefore 70% are positive. Hudbay Minerals Inc had 12 analyst reports since July 21, 2015 according to SRatingsIntel.

11/28/2016 - AbbVie Inc. was downgraded to "neutral" by analysts at Citigroup. (NASDAQ:ADI) on Tuesday, April 19 to "Outperform" rating. (NASDAQ:ADI) rating on Wednesday, July 27. UBS has "Buy" rating and $78 target. Cowen & Co downgraded the shares of ABBV in report on Monday, June 6 to "Market Perform" rating.

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