AmerisourceBergen Corp (ABC): Today's Featured Wholesale Winner
(
) pushed the Wholesale industry higher today making it today's featured wholesale winner. The industry as a whole was unchanged today. By the end of trading, AmerisourceBergen rose $0.72 (1.3%) to $56.28 on light volume. Throughout the day, 1,447,367 shares of AmerisourceBergen exchanged hands as compared to its average daily volume of 2,624,200 shares. The stock ranged in a price between $55.59-$56.30 after having opened the day at $55.83 as compared to the previous trading day's close of $55.56. Other companies within the Wholesale industry that increased today were:
(
), up 8.3%,
Taitron Components Inc. Class A
(
), up 4.1%,
(
), up 3.5% and
(
), up 2.5%.
AmerisourceBergen Corporation, a pharmaceutical services company, provides drug distribution and related services to healthcare providers and pharmaceutical manufacturers primarily in the United States and Canada. AmerisourceBergen has a market cap of $12.7 billion and is part of the services sector. Shares are up 28.7% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate AmerisourceBergen a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
AmerisourceBergen
as a
. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity, good cash flow from operations, increase in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full AmerisourceBergen Ratings Report.
On the negative front,
(
), down 6.8%,
(
), down 6.7%,
(
), down 6.1% and
(
), down 5.7%.
- Use our wholesale section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the wholesale industry could consider
iShares Dow Jones US Cons Goods
(
) while those bearish on the wholesale industry could consider
ProShares Ultra Sht Consumer Goods
(
).
- Find other investment ideas from our top rated ETFs lists.
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