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

AmerisourceBergen Corporation (Holding Co) (ABC) : The total negative money flow of $6.96 million on Tuesday indicates selling on strength. The inflow of money on upticks was $16.4 million, compared to $23.36 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.7. The negative money flow of $5.28 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $5.28 million. The price action in the AmerisourceBergen Corporation (Holding Co) (ABC) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $82.18 with a gain of $0.26 , a change of 0.32% over the previous days close. The stock registered 2.52% for the week.


The company Insiders own 6.9% of AmerisourceBergen Corporation (Holding Co) shares according to the proxy statements. Institutional Investors own 81.7% 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 an insider trading activity, Danilewitz Dale, officer (Executive Vice President) of Amerisourcebergen Corp, unloaded 1,586 shares at an average price of $86.8 on March 1, 2016. The total amount of the transaction was worth $137,665, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of AmerisourceBergen Corporation rose by 4.75% in the last five trading days and 10.1% for the last 4 weeks. AmerisourceBergen Corporation has dropped 0.4% during the last 3-month period . Year-to-Date the stock performance stands at -18.14%.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): stock turned positive on Tuesday. Though the stock opened at $82.25, the bulls momentum made the stock top out at $84.41 level for the day. The stock recorded a low of $82.24 and closed the trading day at $84.18, in the green by 2.43%. The total traded volume for the day was 2,842,055. The stock had closed at $82.18 in the previous days trading.

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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