AmerisourceBergen Corporation (Holding Co) (ABC) has risen sharply, recording gains of 6.27% in the past 4 weeks. However, the stock has corrected -0.78% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.82% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.52% and the 50-Day Moving Average is 7.89%. AmerisourceBergen Corporation is up 0.56% in the last 3-month period. Year-to-Date the stock performance stands at -17.16%.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): stock turned positive on Friday. Though the stock opened at $84.34, the bulls momentum made the stock top out at $85.375 level for the day. The stock recorded a low of $84.12 and closed the trading day at $85.19, in the green by 0.44%. The total traded volume for the day was 1,935,906. The stock had closed at $84.82 in the previous days trading.
Also, Major Brokerage house, Bank of America reinstates its ratings on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on June 7, 2016.
AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The Company operates through two segments: Pharmaceutical Distribution and Other. The Company also provides data and other services to its manufacturing customers. The Company provides services to healthcare providers, and pharmaceutical and biotech manufacturers. The Company provides pharmacy services to certain specialty drug patients. Additionally, the Company offers healthcare providers and pharmaceutical manufacturers with services, including reimbursement and pharmaceutical consulting services, logistics services, inventory management, pharmacy automation and pharmacy management. The Company has a distribution facility network totaling approximately 30 distribution facilities in the United States.