Shares of AbbVie Inc. (NYSE:ABBV) traded at a new 52-week high today of $160.95. This new high was reached on below average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 7.9 million shares.
Over the past year, AbbVie Inc. has traded in a range of $102.05 to $160.95 and is now at $159.69, 56% above that low.
AbbVie Inc. (NYSE:ABBV) is currently priced 0.2% above its average consensus analyst price target of $159.31.
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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