3 Years Ago
1 Min Read

ABBV shares tumbled -6% today. What's going on:



Abbvie Inc (ABBV) is trading -6% lower at $140.275 today.

Abbvie Inc has been trading between a 52-week high of $172.81 and a 52-week low of $101.41. The stock has a market cap of $248 Billion.

  • The company's Q2 adjusted EPS beat analysts' expectations, rising +11.2% Y/Y to $3.37, but not enough to satisfy investors
  • AbbVie reaffirmed its earnings outlook 

AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. The Company strives to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio.

Headlines


Daily Biotech Pulse: Bausch Health To Appeal Xifaxan Patent Decision, Bristol Myers Drug Combo Fails In Kidney Cancer Trial, Sarepta''s Duchenne Candidate Update
Benzinga 07-29-22

AbbVie Q2 revenue soars on back of blockbuster Humira; sets aside ~$2B for opioid claims
Seeking Alpha 07-29-22

AbbVie Ekes Out Narrow Second-Quarter Beat, Confirms 2022 Outlook
Investor''s Business Daily 07-29-22

AbbVie Stock Slips After Earnings, Charge for Potential Opioid Deal
Barron''s 07-29-22

AbbVie''s Q2 Sales Marginally Shy Of Wall Street Estimates, Confirms Annual Profit Outlook
Benzinga 07-29-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Chance_Island2704 - 1 upvotes - source
Thanks for the advertisement for my beloved ABBV

jamtradez - 1 upvotes - source
ABBV is in trouble

Chance_Island2704 - 1 upvotes - source
Considering trying to catch the ABBV falling knife