Shares of AmerisourceBergen Corporation (Holding Co) (ABC) Sees Large Outflow of Money

AmerisourceBergen Corporation (Holding Co) (ABC) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.08 million) in AmerisourceBergen Corporation (Holding Co) (ABC). On Thursday, The value of composite uptick trades was $5.04 million, whereas, the value of composite downtick trades was $7.13 million and the ratio between the two was 0.71, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $1.92 million. The negative money flow of ($1.92 million) shows selling on strength. AmerisourceBergen Corporation (Holding Co) (ABC) gained $0.03 intraday at $81.22 and registrered 0.04% for the week.


AmerisourceBergen Corporation (Holding Co) (ABC) : Currently there are 11 street experts covering AmerisourceBergen Corporation (Holding Co) (ABC) stock. The most bullish and bearish price target for the stock is $105 and $77 respectively for the short term. The average price target of all the analysts comes to $85.18. The estimated standard deviation from the target is $7.39. The stock has recorded a 20-day Moving Average of 5.24% and the 50-Day Moving Average is 4.5%.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): The stock opened at $81.09 on Thursday but the bulls could not build on the opening and the stock topped out at $81.53 for the day. The stock traded down to $80.53 during the day, due to lack of any buying support eventually closed down at $80.99 with a loss of -0.25% for the day. The stock had closed at $81.19 on the previous day. The total traded volume was 2,508,864 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *