Major Move Is Coming For AmerisourceBergen Corp. After Bullish Options Activity

 Major Move Is Coming For AmerisourceBergen Corp. After Bullish Options Activity

In today’s session AmerisourceBergen Corp. (ABC) registered an unusually high (141) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious ABC increase. With 141 contracts traded and 2524 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: ABC161216C00080000 closed last at: $2.1 or 12.5% down. About 573,319 shares traded hands. AmerisourceBergen Corp. (NYSE:ABC) has declined 9.59% since April 18, 2016 and is downtrending. It has underperformed by 14.02% the S&P500.

AmerisourceBergen Corp. (NYSE:ABC) Ratings Coverage

Out of 15 analysts covering AmerisourceBergen (NYSE:ABC), 7 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 47% are positive. AmerisourceBergen has been the topic of 30 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of AmerisourceBergen Corp. (NYSE:ABC) has “Neutral” rating given on Thursday, October 6 by UBS. The stock has “Buy” rating given by TheStreet on Monday, July 27. The rating was maintained by Bank of America on Tuesday, June 7 with “Neutral”. Mizuho upgraded AmerisourceBergen Corp. (NYSE:ABC) rating on Wednesday, November 9. Mizuho has “Buy” rating and $83 price target. On Friday, October 2 the stock rating was downgraded by Morgan Stanley to “Underweight”. As per Tuesday, November 17, the company rating was maintained by Credit Suisse. The stock has “Hold” rating given by Zacks on Tuesday, August 25. The firm has “Neutral” rating given on Thursday, August 11 by Mizuho. The stock of AmerisourceBergen Corp. (NYSE:ABC) earned “Buy” rating by UBS on Friday, February 5. The rating was maintained by Mizuho on Wednesday, November 18 with “Neutral”.

According to Zacks Investment Research, “AmerisourceBergen Corporation provides pharmaceutical services. It distributes brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to various healthcare providers. The Company also provides pharmacy services to certain specialty drug patients. AmerisourceBergen Corporation is based in Chesterbrook, Pennsylvania.”

AmerisourceBergen Corporation is a pharmaceutical sourcing and distribution services company. The company has a market cap of $19.13 billion. The Company’s divisions include Pharmaceutical Distribution and Other. It has a 12.48 P/E ratio. The Firm provides services to healthcare providers, and pharmaceutical and biotech manufacturers.

ABC Company Profile

AmerisourceBergen Corporation, incorporated on March 16, 2001, is a pharmaceutical sourcing and distribution services company. The Company’s divisions include Pharmaceutical Distribution and Other. The Firm provides services to healthcare providers, and pharmaceutical and biotech manufacturers.

More news for AmerisourceBergen Corp. (NYSE:ABC) were recently published by: Forbes.com, which released: “Ex-Dividend Reminder: AmerisourceBergen, Radian Group and Symantec” on November 15, 2016. Wsj.com‘s article titled: “AmerisourceBergen Reports Revenue Growth” and published on November 02, 2016 is yet another important article.

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