Shares of AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) Sees Large Outflow of Money

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) : The total negative money flow of $8.24 million on Wednesday indicates selling on strength. The inflow of money on upticks was $17.24 million, compared to $25.48 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.68. The negative money flow of $7.52 million in block trades reveals that the informed traders sold the stock on every bit of price strength. The traded value of the stock on uptick was $1.39 million in a block trade.The transaction value of block trade on downtick was $8.91 million. The uptick to downtick ratio was 0.16. The price action in the AmerisourceBergen Corporation (Holding Co) (NYSE:ABC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $77.26 with a gain of $1.94 , a change of 2.58% over the previous days close. The stock registered 2.41% for the week.


In an insider trading activity, 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. Currently the company Insiders own 6.9% of AmerisourceBergen Corporation (Holding Co) shares according to the proxy statements. Institutional Investors own 81.8% 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%.

The company shares have dropped -30.07% 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 $75.51 and the 200 Day Moving Average price is recorded at $86.41. AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.08 and $76.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $77.26, notching a gain of 2.58% for the day. The total traded volume was 1,926,778 . The stock had closed at $75.32 on the previous day.

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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