AbbVie Inc. (NYSE:ABBV) traded today at a new 52-week high of $141.71. So far today approximately 2.6 million shares have been exchanged, as compared to an average 30-day volume of 7.7 million shares.
AbbVie Inc. (NYSE:ABBV) is currently priced 34.0% above its average consensus analyst price target of $92.68.
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.
Over the past year, AbbVie Inc. has traded in a range of $102.05 to $141.71 and is now at $140.52, 38% above that low.
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