Shares of AbbVie Inc. (NYSE:ABBV) traded at a new 52-week high today of $163.28. This new high was reached on below average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 7.5 million shares.
In the past 52 weeks, shares of AbbVie Inc. have traded between a low of $104.17 and a high of $163.28 and is now at $162.34, which is 56% above that low price.
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.
Based on a current price of $162.34, AbbVie Inc. is currently 0.7% above its average consensus analyst price target of $161.25.
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