Large Inflow of Money Detected in AmerisourceBergen Corporation (Holding Co)

AmerisourceBergen Corporation (Holding Co) (ABC) : Mondays money flow points at investors jumping to buy the stock on the weakness of price. $23.41 million worth of transactions were on upticks, whereas, the downticks accounted for $15.36 million worth of transactions. The net money flow was a positive $8.05 million and the uptick to downtick ratio was 1.52. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 7.27 in their favor. The net money flow into the stock was $6.39 million. The value of block trades done on downticks was only $1.02 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $7.41 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. AmerisourceBergen Corporation (Holding Co) (ABC) was trading at $88.91, down $0.04 during day. The stock slid -0.04% over the previous days close. For the week, the stock recorded -0.49% over the previous weeks close.


Shares of AmerisourceBergen Corporation rose by 0.81% in the last five trading days and 4.49% for the last 4 weeks. AmerisourceBergen Corporation is up 20.39% in the last 3-month period. Year-to-Date the stock performance stands at -13.08%.

AmerisourceBergen Corporation (Holding Co) (NYSE:ABC): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.95 and $88.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.39, notching a gain of 0.54% for the day. The total traded volume was 1,796,956 . The stock had closed at $88.91 on the previous day.

In a related news, Greenberg Lon R, director of Amerisourcebergen Corp, executed a transaction worth $354,360 on August 9, 2016. A total of 4,000 shares were purchased at an average price of $88.59. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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