AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) has tumbled 0.99% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.18% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.19% and the outperformance has advanced to 0.25% for the last 4 weeks period.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): The stock opened at $76.01 on Friday but the bulls could not build on the opening and the stock topped out at $76.33 for the day. The stock traded down to $75.16 during the day, due to lack of any buying support eventually closed down at $75.70 with a loss of -0.39% for the day. The stock had closed at $76.00 on the previous day. The total traded volume was 3,056,969 shares.
The company shares have dropped -32.09% 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 $76.92 and the 200 Day Moving Average price is recorded at $87.92.
On the companys insider trading activities,The officer (Executive Vice President) of Amerisourcebergen Corp, Danilewitz Dale sold 1,586 shares at $86.8 on March 1, 2016. The Insider selling transaction had a total value worth of $137,665. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Bank of America reinstates its outlook on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC). The current rating of the shares is Neutral, according to the research report released by the firm. The rating by the firm was issued on June 7, 2016. Currently the company Insiders own 6.9% of AmerisourceBergen Corporation (Holding Co) shares according to the proxy statements. Institutional Investors own 81.74% of AmerisourceBergen Corporation (Holding Co) shares. During last six month period, the net percent change held by insiders has seen a change of -40.09%.
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.