Shares of AmerisourceBergen Corporation ABC are falling today by 0.32% today, currently trading $31.19. The stock has been screaming higher over the past year, rallying from $17.50 as recently as last July.
The stock may be selling off today, but it is still trading above the 50-day moving average.
Options traders are selling calls in the name, though, suggesting that the run will slow down here and the stock will base out. The May $30 call was sold over 1,300 times, as well as the August $30 call, which was sold 1,245 times.
Call volume is running at 3.50x the daily average.
AmerisourceBergen Corporation is a pharmaceutical services company, with operations in the United States and Canada.
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