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AmerisourceBergen Corporation 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.
Is ABC going up? Or down? Predict to see what others think: Up or Down
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
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AmerisourceBergen (ABC) Jumps: Stock Rises 9.3%
AmerisourceBergen Corporation 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.
AmerisourceBergen Corporation Price
AmerisourceBergen Corporation Price | AmerisourceBergen Corporation Quote
Another stock worth considering in the Medical - Dental Supplies industry is Becton, Dickinson and Company (BDX - Free Report) , 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
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks’ has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 4 crypto-related stocks now >>