AmerisourceBergen Corporation (NYSE:ABC) traded today at a new 52-week high of $124.56. This new high was reached on below average trading volume as 222,000 shares traded hands, while the average 30-day volume is approximately 941,000 shares.
In the past 52 weeks, AmerisourceBergen Corporation share prices are bracketed by a low of $81.51 and a high of $124.56 and is now at $124.30, 52% above that low price.
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.
AmerisourceBergen Corporation (NYSE:ABC) has potential upside of 0.5% based on a current price of $124.30 and analysts’ consensus price target of $124.87.
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