AbbVie Stock: Keep Calm And Buy The Dip
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AbbVie shares fell nearly 10% after its schizophrenia drug emraclidine failed in late-stage trials. Despite this, the market reaction seems excessive, and the stock is seen as a buying opportunity due to its dividend yield and strong drug pipeline.
November 11, 2024 | 9:00 pm
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AbbVie shares fell nearly 10% due to the failure of its schizophrenia drug emraclidine in late-stage trials. However, the market reaction may be excessive, and the stock is considered a buying opportunity due to its strong dividend yield and robust drug pipeline.
The 10% drop in AbbVie's stock price was triggered by the failure of a drug in trials, which is a significant event. However, the article suggests that the market reaction is excessive, implying that the stock is undervalued. The company's strong dividend yield and robust drug pipeline are highlighted as reasons for potential future growth, making it a buying opportunity.
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