Company Shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Rally 2.2%

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) : Traders are bullish on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) as it has outperformed the S&P 500 by a wide margin of 5.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.9%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.2% in the last 1 week, and is up 7.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -25.57% from its 1 Year high price. On Jul 22, 2015, the shares registered one year high at $115.41 and the one year low was seen on May 26, 2016. The 50-Day Moving Average price is $76.58 and the 200 Day Moving Average price is recorded at $85.41.

The stock has recorded a 20-day Moving Average of 6.12% and the 50-Day Moving Average is 5.97%.


AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): stock turned positive on Friday. Though the stock opened at $81.71, the bulls momentum made the stock top out at $82.079 level for the day. The stock recorded a low of $81.25 and closed the trading day at $81.92, in the green by 1.15%. The total traded volume for the day was 1,597,452. The stock had closed at $80.99 in the previous days trading.

In an insider trading activity, Danilewitz Dale, officer (Executive Vice President) of Amerisourcebergen Corp, unloaded 1,586 shares at an average price of $86.8 on March 1, 2016. The total amount of the transaction was worth $137,665, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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