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

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) managed to stay afloat and traded higher with an addition of 0.29 point or 0.38% at $76.75. The money flow data is a negative $(-1.63) million with $0.34 million in upticks and $1.98 million in downticks. The intraday up/down ratio came in at 0.17. The shares have seen 0.27% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $1.77, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-1.77) million.


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 had unloaded 1,586 shares at $86.8 per share in a transaction on March 1, 2016. The total value of transaction was $137,665. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.05 points or 0.07% at $76.41 with 2,860,557 shares getting traded. Post opening the session at $76.44, the shares hit an intraday low of $76.21 and an intraday high of $77.18 and the price was in this range throughout the day. The company has a market cap of $16,493 million and the number of outstanding shares have been calculated to be 215,854,750 shares. The 52-week high of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) is $115.41 and the 52-week low is $73.31.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Bank of America reinstates its rating on AmerisourceBergen Corporation (Holding Co) (NYSE:ABC).The analysts at the brokerage house have a current rating of Neutral on the shares. The rating by the firm was issued on June 7, 2016.

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.

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