Director Richard A Gonzalez sold 98,628 shares for $20.3M at blended avg $205.45; post-sale holdings 388.9K shares.
Richard A Gonzalez, a Director of AbbVie, executed 2 separate sales totaling 98,628 shares for $20,263,019.64, reducing his holdings by 20.2% from 487,557 to 388,929 shares. The sales occurred at $205.11 on 2025-02-28 and $210.53 on 2025-03-03, bracketing a modest price move; at the current price of $207.76, the blended average transaction price of $205.45 remains competitively positioned just below the 52-week high of $211.48. His prior 5 sales at ABBV show mixed timing outcomes: 3 of 5 were well-timed at the 90-day mark, though recent sales on 2024-08-05 and 2024-07-17 saw the stock rise 5.6% and 10.8% respectively over 30 days afterward, indicating the insider sold into strength rather than weakness on those occasions. With AbbVie trading at a P/E of 80.84 and the stock up 13.0% over the past 30 days and 17.7% over 90 days, this sale represents a material reduction of a senior insider's position at elevated valuations and following a pronounced uptrend.