Abbvie Inc. (ABBV) Files Form 4 Insider Selling : Richard A Gonzalez Sells 285,953 Shares

Abbvie Inc. (ABBV): Richard A Gonzalez , Chairman of the Board and CEO of Abbvie Inc. sold 285,953 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 3, 2016 to the Securities and Exchange Commission. The shares were sold at $63.87 per share for a total value of $18249712 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Richard A Gonzalez (Chairman of the Board and CEO) sold 39,000 shares at $63.80 per share price.On May 12, 2016, Timothy J. Richmond (SVP, Human Resources) sold 21,583 shares at $63.52 per share price.Also, On May 12, 2016, Thomas A. Hurwich (VP, Controller) sold 6,000 shares at $63.60 per share price.On May 12, 2016, Carlos Alban (EVP, Commercial Operations) sold 47,438 shares at $63.52 per share price.

Shares of AbbVie Inc (ABBV) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.09 points or -0.14% at $65 with 1,06,21,604 shares getting traded. Post opening the session at $64.76, the shares hit an intraday low of $63.75 and an intraday high of $65.37 and the price vacillated in this range throughout the day. The company has a market cap of $105,128 M and the number of outstanding shares has been calculated to be 1,61,73,58,600 shares. The 52-week high of AbbVie Inc is $71.6 and the 52-week low is $45.45.

AbbVie Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.AbbVie Inc is Initiated by Societe Generale to Sell and the brokerage firm has set the Price Target at $47. The Rating was issued on Apr 6, 2016.AbbVie Inc is Initiated by Deutsche Bank to Hold and the brokerage firm has set the Price Target at $63. The Rating was issued on Mar 15, 2016.

AbbVie Inc. (AbbVie) is a global research-based biopharmaceutical company. The Company develops and markets therapies that address a range of diseases. The Company’s products are focused on treating conditions such as chronic autoimmune diseases including rheumatoid arthritis psoriasis and Crohn’s disease; hepatitis C (HCV); human immunodeficiency virus (HIV); endometriosis; thyroid disease; Parkinson’s disease; complications associated with chronic kidney disease and cystic fibrosis and other health conditions such as low testosterone. AbbVie also has a pipeline of new medicines including over 30 compounds or indications in Phase II or Phase III development across a range of medical specialties such as immunology virology/liver disease oncology renal disease neurological diseases and women’s health. The Company’s product portfolio includes HUMIRA HCV products Additional Virology products Metabolics/Hormones products Endocrinology products and other products.

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