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

November 20, 2020 13:24:07

Shares of AbbVie Inc. (NYSE:ABBV) traded at a new 52-week high today of $101.35. So far today approximately 4.7 million shares have been exchanged, as compared to an average 30-day volume of 9.2 million shares.

AbbVie is a drug company with a strong exposure to immunology and oncology. The company’s top drug, Humira, represents over half of the company’s current profits.

AbbVie Inc. (NYSE:ABBV) has potential upside of 8.7% based on a current price of $101.29 and analysts’ consensus price target of $110.14.

AbbVie Inc. share prices have moved between a 52-week high of $101.35 and a 52-week low of $62.55 and are now trading 62% above that low price at $101.29 per share.

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