AbbVie (ABBV) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Monday, March 05, 2018 10:15 PM ET

AbbVie (ABBV) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

AbbVie, today, saw six insiders listed below, sell 221,945 shares having a market value of approximately $26,244,782, as disclosed in form 4 documents filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to these transactions which resulted in the sale of 1,830 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 223,775 shares and have averaged 31,968 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at AbbVie is greater than the 19-company peer group average. Proprietary & Advanced Pharmaceuticals peer group saw 22 buy/sell trades during this period for an average of 1.2 transactions per company. The number of shares per buy/sell trade for AbbVie insiders was also higher. Within the peer group there were 645,381 shares purchased and 14,936 shares sold with company insiders acquiring 31,522 shares on average.

For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data obtained to evaluate and write this story.

Today’s Insider Activity
* Richard A Gonzalez, Director and Officer, sold 87,771 shares
* Laura J Schumacher, Officer, sold 52,835 shares
* Timothy J Richmond, Officer, sold 30,312 shares
* Dr Azita Saleki-Gerhardt, Officer, sold 14,020 shares
* Michael Severino, Officer, sold 30,326 shares
* Robert A Michael, Officer, sold 6,681 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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