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AmerisourceBergen (ABC) Jumps: Stock Rises 6.2%

AmerisourceBergen CorporationABC) 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

AmerisourceBergen Corporation Price | AmerisourceBergen Corporation Quote

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

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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