AbbVie slid a precipitous 4.7% last week, but that steep plunge isn't the real news here.
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ABBV Stock News
Meet the Leader Who Turned Google (GOOG, GOOGL) Stock into a "Buy"
For more than a year now, we have been saying Google Inc. (Nasdaq: GOOG: GOOGL) stock was set for a rally.
In fact, in several of our chats, we've said that with this one stock you get both an ETF on the future and a company that produces great profit margins today.
You may be wondering: But does Google have any upside left? We've got the answers right here...
AbbVie (NYSE: ABBV) Stock Up After Making Biggest Tax Inversion Deal Ever
AbbVie Inc. (NYSE: ABBV) stock was up 2.45% at noon Friday after the Chicago-based company announced it finally inked a $54.8 billion deal with Ireland-headquartered Shire Plc. (Nasdaq ADR: SHPG) after weeks of back-and-forth negotiations.
The move has strategic merit in that it gives AbbVie a much-needed new drug portfolio. But it's the substantial tax advantage that figures heavily into the equation.
Here’s why AbbVie wants Shire – and what the deal means for ABBV stock…