AmerisourceBergen Corporation (Holding Co) (NYSE:ABC), A increase of 804,995 shares or 8.7% was observed in the short interest of AmerisourceBergen Corporation The interest on June 15,2016 came in at 10,100,765 shares and as per the average daily trading of 2,473,578 shares, the days to cover are 4. The increased interest is 5.6% of the floated shares. The data of May 31,2016 put the interest at 9,295,770 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): The stock opened at $75.08 on Friday but the bulls could not build on the opening and the stock topped out at $75.85 for the day. The stock traded down to $75.04 during the day, due to lack of any buying support eventually closed down at $75.44 with a loss of -2.72% for the day. The stock had closed at $77.55 on the previous day. The total traded volume was 4,480,624 shares.
The company shares have dropped -28.90% 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 $75.64 and the 200 Day Moving Average price is recorded at $87.02.
AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) has tumbled 0.34% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.9% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 1.31% and the outperformance has advanced to 4.99% for the last 4 weeks period.
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.