AmerisourceBergen Corporation (NYSE:ABC) traded at a new 52-week high today of $120.80. Approximately 185,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
AmerisourceBergen is a leading global third-party logistics provider engaged in wholesale pharmaceutical sourcing and distribution of specialty, brand-name, and generic pharmaceuticals and related services to acute-care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, physician practices, dialysis clinics, and other healthcare customers. By acquiring smaller companies, management has attained the ability to transport biopharmaceuticals, distribute veterinary pharmaceuticals and vaccines, and provide inventory and reimbursement consulting services to providers.
Potential upside of 5.3% exists for AmerisourceBergen Corporation, based on a current level of $120.12 and analysts’ average consensus price target of $126.54.
In the past 52 weeks, shares of AmerisourceBergen Corporation have traded between a low of $81.51 and a high of $120.80 and is now at $120.12, which is 47% above that low price.
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