AmerisourceBergen Corporation (ABC) Dips 2.62% for June 24

Equities Staff  |

Among the S&P 500’s biggest fallers on Wednesday June 24 was AmerisourceBergen Corporation (ABC). The stock experienced a 2.62% decline to $98.84 with 1.32 million shares changing hands.

AmerisourceBergen Corporation started at an opening price of 100.74 and hit a high of $101.46 and a low of $98.00. Ultimately, the stock took a hit and finished the day at $2.66 per share. AmerisourceBergen Corporation trades an average of n/a shares a day out of a total 203.4 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. AmerisourceBergen Corporation hit a high of $103.38 and a low of $72.06 over the last year.

AmerisourceBergen is a leading global third-party logistics provider engaged in wholesale pharmaceutical sourcing and distribution of specialty, brand-name, and generic pharmaceuticals and related services to acute-care hospitals and health systems, independent and chain retail pharmacies, mail order pharmacies, medical clinics, long-term care and alternate site pharmacies, physician practices, dialysis clinics, and other healthcare customers. By acquiring smaller companies, management has attained the ability to compound sterile preparations, distribute veterinary pharmaceuticals and vaccines, transport biopharmaceuticals, and provide inventory and reimbursement consulting services to providers.

With its headquarters located in Chesterbrook, PA, AmerisourceBergen Corporation employs 22,000 people. After today’s trading, the company’s market cap has fallen to $20.1 billion, a P/S of n/a, a P/B of 5.6, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on AmerisourceBergen Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: ABC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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