Humira's loss of exclusivity December 2016 and Hiliary. The effects of both are undefined, but are probably the main contributing factors. Good to read something about Abbvie instead of Ultimate and other promotions. Nice to see you are still around Debbie.
Abbvie tried to by Shire for 52B which means they have the resources to do another 31B or so since they only spent 21B on Pharmacyclics. I think they will try and buy another company for 30B or less before end of year; certainly M & A is in their thoughts since they hired the JP Morgan M & A expert. Another acquisition is more probably than a buy out....I'll take 80 in a buy out.
Abbvie just hired a person from J P Morgan who specializes in M & A. In fact, he was a major player in the Shire deal (not sure if that's good history). Now Piper Jafferies comes out today and says Abbvie is ripe for another acquisition or buy out. I doubt Abbvie would sell out, (not bad if it did, however) but they are probably getting ready to buy someone else.....probably in the neurosciences area. Regardless, I wouldn't be selling the stock now, nor am I writing covered calls......just waiting to see what happens. Something probably will happen before year end.
Although the bid for StJ is not true, Abt is fishing for some company....probably a company not well known...that's their usual strategy. Miles wants to acquire a company it is just a matter of which company is the best fit. Should hear something soon.
Anyone know what news is responsible for today's nice move up? Read speculation that Abbvie could be a take over target by Allergen. Sold more covered calls.
Nice price move today. Sold August 70's calls again.....4th time. It can drop tomorrow...appreciate the price swings. If if goes up I'll sell some more.
Any comments on today's earnings? Good day to close my covered calls. Abbvie will recover to the high 69 - 70 soon. I'll be selling covered calls again.....Abbvie is a nice trading stock. Humira carried the company again.....guess reaps0007 claim on 3-19-15 that Humira would be dead by 12-2015 is dead wrong.