Baystreet Staff -

Coverage Initiated on Select Services' Stocks

[ACCESSWIRE]

LONDON, UK / ACCESSWIRE / July 18, 2016 / Active Wall St. announces the list of stocks for today's coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Services sector. Companies recently under review include AmerisourceBergen, Cardinal Health, GNC Holdings, and McKesson. See our complete notes on AmerisourceBergen at:

http://www.activewallst.com/registration-3/?symbol=ABC

Today, AWS is promoting its equity coverage. Get all of our research notes free by signing up to http://www.activewallst.com/register/.

The Services sector regroups a score of strong performers despite stiff competition and changing consumer preferences. Let us see how the current market conditions are affecting some of the big names in the industry. Register with us now for your free membership and more at:

http://www.activewallst.com/register/

Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

AmerisourceBergen Corp. (NYSE: ABC)

Chesterbrook, Pennsylvania headquartered AmerisourceBergen Corp.'s stock saw a slight drop of 0.47%, finishing last Friday's trading session at $85.55 with a total volume of 2.38 million shares traded. The Company's shares have gained 12.39% in the last month. The stock is trading above its 50-day moving average by 11.00%. Additionally, shares of AmerisourceBergen, which sources and distributes pharmaceutical products to healthcare providers, pharmaceutical and biotech manufacturers, and specialty drug patients in the U.S. and globally, have a Relative Strength Index (RSI) of 77.76.

On June 15th, 2016 in a regulatory filing disclosed that the company has signed a binding term sheet with Kaiser Foundation Hospitals pursuant to which Kaiser agreed to award its pharmaceutical wholesale distribution business to ABC for a five-year term commencing on July 1, 2016.

Cardinal Health Inc. (NYSE: CAH)

Shares in Dublin, Ohio headquartered Cardinal Health Inc. ended the session at $82.36, which was a slight decline of 0.74%. The stock recorded a trading volume of 2.38 million shares. The Company's shares have gained 8.05% in the past month. The stock is trading 5.91% and 1.61% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Cardinal Health, which operates as a healthcare services and products company globally, have an RSI of 66.36.

On June 30th, 2016, Cardinal Health announced the appointment of Pamela O. Kimmet as Chief Human Resources Officer, effective immediately. Pamela joins the company from Coca-Cola Enterprises, where she was senior vice president, Human Resources. She will report to George S. Barrett, chairman and CEO of Cardinal Health. Sign up for your note on CAH at:

http://www.activewallst.com/registration-3/?symbol=CAH

GNC Holdings Inc. (NYSE: GNC)

On Friday, shares in Pittsburgh, Pennsylvania headquartered GNC Holdings Inc. recorded a trading volume of 715,860 shares. The stock saw a decline of 0.71%, closing the day at $26.41. The Company's shares have gained 3.53% in the last one month and are trading 4.17% above their 50-day moving average. Additionally, GNC Holdings' stock has an RSI of 60.55.

On July 05th, 2016, American Herbal Products Association told NutraIngredients that the botanical raw material GMP proposal put forward by GNC is under active review. Register for free and access your note on GNC at:

http://www.activewallst.com/registration-3/?symbol=GNC

McKesson Corp. (NYSE: MCK)

At the close, shares in San Francisco, California headquartered McKesson Corp. recorded a trading volume of 933,410 shares. The stock ended the session at $197.14, slightly down 0.45%. The Company's shares have gained 8.96% in the past month, 14.28% over the previous three months, and 0.29% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.62% and 12.07%, respectively. Furthermore, shares of McKesson, which operates as a pharmaceutical distribution services and information technology company in the U.S. and globally, have an RSI of 68.52.

On June 28th, 2016, McKesson Corp. signed an agreement with software and analytics company Change Healthcare Holdings Inc., in which it will combine its technology solutions business with Change Healthcare to create a new separate healthcare information technology company. McKesson will own 70% and Change Healthcare will own 30% of the new entity, with fiscal 2016 combined revenue of $3.4 billion. The note on MCK is available for free at:

http://www.activewallst.com/registration-3/?symbol=MCK

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SOURCE: Active Wall Street