Should Investors Trim Positions in AmerisourceBergen Corporation (ABC), American International Group, Inc. (AIG)?

AmerisourceBergen Corporation (NYSE:ABC) recent rally took place on significantly more volume which surged nearly 2.89 million contracts on 13-Nov-17 versus its daily average of 1.85 million. The first sale was made at $74.69 but later the stock became weaker, and closed with a gain of 0.53%. It was last traded at $75.4 apiece.

AmerisourceBergen Corporation (ABC): Outperform Candidate With 20.42% Upside Potential

AmerisourceBergen Corporation is maintained at an average outperform rating by 14 stock analysts, and there are at least 6.82% of shares outstanding that are currently legally short sold. The shares went down by -5.09% in value last month. Year-to-date it plunged -3.57%. Analysts are turning out to be more optimistic than before, with 6 of analysts who cover AmerisourceBergen Corporation (NYSE:ABC) advice adding it to buy candidate list. Wall Street experts also assign a $90.8 price target on AmerisourceBergen Corporation, pointing towards a 20.42% rally from current levels. The stock is trading for about -22.94% less than its 52-week high.

AmerisourceBergen Corporation Reports 3.61% Sales Growth

AmerisourceBergen Corporation (ABC) remained successful in beating the consensus-estimated $1.32 as it actually earned $1.33 per share in its last reported financial results. Revenue, on the other hand, scored 3.61% growth from the previous quarter, coming up with $40.1 billion.

ABC Adds 0.72% In A Week

This company shares (ABC) so far managed to recover 4.87% since collapsing to its 52-week low. Over a month, it has seen its stock price volatility to stay at 2.77% while shortening the period to a week, volatility was 3.37%. The share price has yet to cross its 20 days moving average, floating at a distance of -3.34% and sits -5.82% lower versus its 50 days moving average. When looking at the past five sessions, the stock returned 0.72% gains and is down by -12.62% compared with its 200-day moving average of $85.49. Also, AmerisourceBergen Corporation (ABC) needs to overturn a -4.46% decrease it experienced over the past twelve months.

American International Group, Inc. (NYSE:AIG) Consensus Call At 2.5

As regular trading ended, American International Group, Inc. (AIG) stock brought in a -$0.06 drop to $62. The day started at a price of $61.68 but then traded as high as $62.1 before giving part of the gains back. As for this week, analysts appear content to stick with their neutral outlook with the consensus call at 2.5. American International Group, Inc. is given 3 buy-equivalent recommendations, 2 sells and 7 holds. The company shares sank -8.11% from their peak of $ 67.47 and now has a $55.9 billion market value of equity.

American International Group, Inc. Could Grow 7.63% More

AIG’s mean recommendation on Reuter’s scale improved from 2.42 thirty days ago to 2.53 now, which indicates a hold consensus from the analyst community. They see American International Group, Inc. (AIG) price hitting a mean target of $66.73 a share, meaning the stock still has potential that could lift the price another 7.63% Also, the recent close suggests the stock is underpriced by 22.58% compared to the most bullish target.

American International Group, Inc. (AIG) Returns -5.07% This Year

The company had seen its current volume reaching at 3.6 million shares in the last trade. That compares with the recent volume average of 5.25 million. At the close of regular trading, its last week’s stock price volatility was 1.37% which for the month reaches 1.25%. American International Group, Inc. dipped to as low as $61.6 throughout the day and has returned -5.07% in this year. At one point in the past year, the shares traded as low as $57.90 but has recovered 7.08% since then.

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