Large Inflow of Money Witnessed in AmerisourceBergen Corporation (Holding Co)

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) dropped -0.1% or -0.08 points to trade at $76.29 per share. As per the latest trading data available, the net money flow stood at $1.58 million as the shares received $8.67 million in upticks and gave away $7.09 million in downticks. The final up/down ratio was at 1.22. On a weekly basis, the stock has seen a change of 0.78%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 0. $0.83 million was the inflow in upticks and $0 million was the outflow in downticks. For the block trade, the net money flow was $0.83 million.


The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 4.07%. The company shares have dropped 31.7% in the past 52 Weeks. On July 22, 2015 The shares registered one year high of $115.41 and one year low was seen on May 26, 2016 at $73.31. The 50-day moving average is $76.4 and the 200 day moving average is recorded at $87.51. S&P 500 has rallied 1.93% during the last 52-weeks.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.49 and $76.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $76.78. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.57, notching a gain of 0.26% for the day. The total traded volume was 1,277,332 . The stock had closed at $76.37 on the previous day.

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%. 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.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.