Shares of AmerisourceBergen Corporation (Holding Co) (ABC) Sees Large Inflow of Net Money Flow

AmerisourceBergen Corporation (Holding Co) (ABC) : Investors lapped up stocks on upticks to the tune of $23.35 million in the Wednesdays trading session. The trading value on downticks was comparatively at $15.34 million and the uptick to downtick ratio of 1.52 indicates continuous buying by the bulls. The net money flow into the stock was $8.02 million. Upticks saw transactions worth $7.86 clearly indicating buying by large investors. The total money flow for block trades stood at $7.86 million, which is a positive for the stock in the long-term. AmerisourceBergen Corporation (Holding Co) (ABC) fell $0.05 during the day at $83.2, a drop of -0.06% over the previous days close. However, for the week, the stock is -0.16%, compared to the previous week.

AmerisourceBergen

Shares of AmerisourceBergen Corporation appreciated by 0.22% during the last five trading days but lost 3.6% on a 4-week basis. AmerisourceBergen Corporation is up 8.1% in the last 3-month period. Year-to-Date the stock performance stands at -18.79%.

AmerisourceBergen Corporation (Holding Co) (ABC) : 11 analysts are covering AmerisourceBergen Corporation (Holding Co) (ABC) and their average rating on the stock is 2.82, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): stock was range-bound between the intraday low of $82.46 and the intraday high of $83.3 after having opened at $83.25 on Wednesdays session. The stock finally closed in the red at $83.25, a loss of -0.06%. The stock remained in the red for the whole trading day. The total traded volume was 1,310,409 shares. The stock failed to cross $83.3 in Wednesdays trading. The stocks closing price on Thursday was $83.25.

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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