Shares of AmerisourceBergen Corporation (NYSE:ABC) traded at a new 52-week high today of $155.76. So far today approximately 142,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.
AmerisourceBergen Corporation (NYSE:ABC) is currently priced 5.7% above its average consensus analyst price target of $145.58.
AmerisourceBergen is a leading pharmaceutical wholesaler engaged in the sourcing and distribution of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail-order), hospital networks, and healthcare providers. Along with McKesson and Cardinal Health, the three compose well over 90% of the U.S. pharmaceutical wholesale industry. Through bolt-on acquisitions, the company has expanded into international wholesale in Europe (Alliance Healthcare). AmerisourceBergen provides commercialization services for manufacturers of pharmaceuticals and medical devices, global specialty drug logistics (World Courier), and animal health product distribution (MWI Animal Health).
In the past 52 weeks, AmerisourceBergen Corporation share prices are bracketed by a low of $111.34 and a high of $155.76 and is now at $154.31, 39% above that low price.
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