Watch for Continued Gains in Shares of AbbVie Inc. (ABBV)

December 16, 2021 13:03:12

AbbVie Inc. (NYSE:ABBV) traded today at a new 12-month high of $133.28. This new high was reached on below average trading volume as 3.9 million shares traded hands, while the average 30-day volume is approximately 5.9 million shares.

AbbVie is a drug 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.

In the past 12 months, AbbVie Inc. share prices are bracketed by a low of $101.55 and a high of $133.28 and are now at $132.41, 30% above that low price.

AbbVie Inc. is currently priced 33.4% above its average consensus analyst price target of $88.20.

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