AmerisourceBergen Corporation (Holding Co) (ABC) : Traders are bullish on AmerisourceBergen Corporation (Holding Co) (ABC) as it has outperformed the S&P 500 by a wide margin of 8.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.89%, 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 4.43% in the last 1 week, and is up 13.01% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.13% and the 50-Day Moving Average is 11%.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): The stock opened at $86.26 on Friday but the bulls could not build on the opening and the stock topped out at $86.52 for the day. The stock traded down to $84.92 during the day, due to lack of any buying support eventually closed down at $85.55 with a loss of -0.47% for the day. The stock had closed at $85.95 on the previous day. The total traded volume was 2,384,258 shares.
The company Insiders own 6.9% of AmerisourceBergen Corporation (Holding Co) shares according to the proxy statements. Institutional Investors own 81.71% 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%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Amerisourcebergen Corp, Danilewitz Dale had sold 1,586 shares worth of $137,665 in a transaction dated March 1, 2016. In this transaction, 1,586 shares were sold at $86.8 per share.
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.