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Riverview Trust Co and investors adjust stakes in AbbVie, despite strong earnings and a "Moderate Buy" rating.
Riverview Trust Co and other institutional investors have adjusted their stakes in AbbVie Inc., with some selling off shares and others increasing their holdings.
AbbVie's stock is valued at $330.82 billion, and the company reported strong earnings, beating estimates with $2.46 EPS.
The stock has a "Moderate Buy" rating with a target price of $212.19.
EVP Jeffrey Ryan Stewart also sold 58,832 shares, reducing his ownership by 52.50%.
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Riverview Trust Co y los inversores ajustan las participaciones en AbbVie, a pesar de las fuertes ganancias y una calificación de "compra moderada".