AbbVie Inc. stock outperforms market despite losses on the day

AbbVie Inc. stock outperforms market despite losses on the day

Shares of AbbVie Inc. ABBV, -0.49% slumped 0.49% to $142.01 Friday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index SPX, -1.90% falling 1.90% to 4,418.64 and Dow Jones Industrial Average DJIA, -1.43% falling 1.43% to 34,738.06. This was the stock’s third consecutive day of losses. AbbVie Inc. closed $2.41 below its 52-week high ($144.42), which the company achieved on February 10th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Pfizer Inc. PFE, +0.36% rose 0.36% to $50.78, Eli Lilly & Co. LLY, -1.63% fell 1.63% to $235.74, and AstraZeneca PLC ADR AZN, -0.96% fell 0.96% to $58.04. Trading volume (6.5 M) remained 1.2 million below its 50-day average volume of 7.7 M.

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