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AmerisourceBergen (ABC) Jumps: Stock Rises 9.3%

Zacks

AmerisourceBergen Corporation ABC was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 1.2% in the past one-month time frame.

The stock gained after reports that Walgreens Boots Alliance may consider purchasing the drug wholesaler.

The company has seen five positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for AmerisourceBergen. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

AmerisourceBergen currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.


Another stock worth considering in the Medical – Dental Supplies industry is Becton, Dickinson and Company BDX, which also carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is ABC going up? Or down? Predict to see what others think: Up or Down

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