Shares of AbbVie Inc. (NYSE:ABBV) traded today at $142.80, eclipsing its 12-month high. This new high was reached on below average trading volume as 2.2 million shares traded hands, while the average 30-day volume is approximately 7.8 million shares.
AbbVie Inc. share prices have moved between a 12-month high of $142.80 and a 12-month low of $102.05 and are now trading 38% above that low price at $140.34 per share.
AbbVie Inc. has overhead space with shares priced $140.34, or 35.1% below the average consensus analyst price target of $216.08.
AbbVie is a pharmaceutical company with a strong exposure to immunology and oncology. The company’s top drug, Humira, represents close to half of the company’s current profits. The company was spun off from Abbott in early 2013. The recent acquisition of Allergan adds several new drugs in aesthetics and women’s health.
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