A Director at AmerisourceBergen is Exercising Options

Yesterday it was reported that a Director at AmerisourceBergen (ABC), Kathleen Hyle, exercised options to sell 9,347 ABC shares at $31.60 a share, for a total transaction value of $824.9K.

Following Kathleen Hyle’s last ABC Sell transaction on April 04, 2017, the stock climbed by 8.7%.

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Based on AmerisourceBergen’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $47.86 billion and quarterly net profit of $188 million. In comparison, last year the company earned revenue of $45.39 billion and had a net profit of $394 million. The company has a one-year high of $94.75 and a one-year low of $70.55. ABC’s market cap is $18.14B and the company has a P/E ratio of 29.53.

The insider sentiment on AmerisourceBergen has been negative according to 67 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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AmerisourceBergen Corp. engages provision of pharmaceutical products and business solutions that improve access to care. It operates through the Pharmaceutical Distribution Services and Other segments.

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