Back to top

AmerisourceBergen (ABC) Jumps: Stock Rises 6.2%

Read MoreHide Full Article

AmerisourceBergen Corporation (ABC - Free Report) ) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 5.5% in the past one-month time frame.

The move came after the company reported solid first-quarter of fiscal 2019 results.

The company has seen a mixed track record when it comes to estimate revision of one increase and two decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AmerisourceBergen currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

AmerisourceBergen Corporation Price

Investors interested in the Medical – Dental Supplies industry may consider Becton, Dickinson and Company (BDX - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Becton, Dickinson and Company (BDX) - free report >>

AmerisourceBergen Corporation (ABC) - free report >>

More from Zacks Tale of the Tape

You May Like