Cencora Inc.’s filing revealed that its Executive Vice President Clark Gina unloaded Company’s shares for reported $0.42 million on May 31 ’24. In the deal valued at $223.86 per share,1,874 shares were sold. As a result of this transaction, Clark Gina now holds 13,284 shares worth roughly $3.13 million.
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Then, Clark Gina sold 27,093 shares, generating $5,853,985 in total proceeds. Upon selling the shares at $216.07, the Executive Vice President now owns 15,158 shares.
Before that, DURCAN DERMOT MARK bought 500 shares. Cencora Inc. shares valued at $109,290 were divested by the Director at a price of $218.58 per share. As a result of the transaction, DURCAN DERMOT MARK now holds 21,876 shares, worth roughly $5.15 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 -0.51% to $235.47. Over the last five days, the stock has gained 3.93%. Cencora Inc. shares have risen nearly 14.65% since the year began. Nevertheless, the stocks have risen 35.66% over the past one year. While a 52-week high of $246.75 was reached on 04/03/24, a 52-week low of $171.65 was recorded on 01/02/24. SMA at 50 days reached $231.18, while 200 days put it at $212.43. A total of 1.06 million shares were traded, compared to the trading of 2.25 million shares in the previous session.
Levels Of Support And Resistance For COR Stock
The 24-hour chart illustrates a support level at 234.08, which if violated will result in even more drops to 232.69. On the upside, there is a resistance level at 237.47. A further resistance level may holdings at 239.47. The Relative Strength Index (RSI) on the 14-day chart is 64.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.20%. Stochastics %K at 95.09% indicates the stock is a selling.
