Cencora Inc.’s recently made public that its Chairman, President & CEO COLLIS STEVEN H unloaded Company’s shares for reported $2.55 million on Apr 16 ’24. In the deal valued at $237.48 per share,10,754 shares were sold. As a result of this transaction, COLLIS STEVEN H now holds 285,088 shares worth roughly $63.85 million.
Then, Mauch Robert P. sold 57,564 shares, generating $13,532,721 in total proceeds. Upon selling the shares at $235.09, the Executive Vice President & COO now owns 24,412 shares.
Before that, COLLIS STEVEN H sold 10,755 shares. Cencora Inc. shares valued at $2,583,459 were divested by the Chairman, President & CEO at a price of $240.21 per share. As a result of the transaction, COLLIS STEVEN H now holds 285,088 shares, worth roughly $63.85 million.
Leerink Partners initiated its Cencora Inc. [COR] rating to an Outperform in a research note published on February 26, 2024; the price target was $261. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Wells Fargo began covering COR with “an Equal weight” recommendation on December 14, 2023. Citigroup started covering the stock on March 31, 2023. It rated COR as “a Buy”.
Price Performance Review of COR
On Friday, Cencora Inc. [NYSE:COR] saw its stock fall -0.35% to $223.95. Over the last five days, the stock has lost -7.03%. Cencora Inc. shares have risen nearly 9.04% since the year began. Nevertheless, the stocks have risen 34.19% over the past one year. While a 52-week high of $246.75 was reached on 04/03/24, a 52-week low of $163.37 was recorded on 01/02/24. SMA at 50 days reached $238.19, while 200 days put it at $207.98. A total of 2.22 million shares were traded, compared to the trading of 2.04 million shares in the previous session.
Levels Of Support And Resistance For COR Stock
The 24-hour chart illustrates a support level at 222.48, which if violated will result in even more drops to 221.01. On the upside, there is a resistance level at 225.14. A further resistance level may holdings at 226.33. The Relative Strength Index (RSI) on the 14-day chart is 27.16, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.87%. Stochastics %K at 12.72% indicates the stock is a buying.
