Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Premier Inc shares valued at $247,438 were sold by Klatsky David L on Jun 10 ’24. At $18.55 per share, Klatsky David L sold 13,339 shares. The insider’s holdings dropped to 92,001 shares worth approximately $1.67 million following the completion of this transaction.
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Also, Brailo Andy sold 13,318 shares, netting a total of over 253,042 in proceeds. Following the sale of shares at $19.00 each, the insider now holds 98,427 shares.
Before that, Brailo Andy had sold 7,458 shares from its account. In a trade valued at $144,163, the Chief Commercial Officer traded Premier Inc shares for $19.33 each. Upon closing the transaction, the insider’s holdings decreased to 7,458 shares, worth approximately $2.03 million.
As published in a research note from Canaccord Genuity on May 08, 2024, Premier Inc [PINC] has been rated down from a Buy to a Hold and the price target has been revised to $21 from $27. Analysts at Leerink Partners started covering the stock with ‘”a Market perform”‘ outlook in a report released in late February. As of January 03, 2024, Barclays has initiated its “an Equal weight” rating for PINC. Earlier on August 23, 2023, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for PINC stock which previously was a “an Overweight”.
Analyzing PINC Stock Performance
During the last five days, there has been a drop of approximately -1.99%. Over the course of the year, Premier Inc shares have dropped approximately -18.69%. Shares of the company reached a 52-week high of $23.01 on 01/08/24 and a 52-week low of $17.95 on 06/17/24. A 50-day SMA is recorded $19.84, while a 200-day SMA reached $20.92. Nevertheless, trading volume fell to 1.56 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for Premier Inc (PINC)
According to the 24-hour chart, there is a support level at 18.04, which, if violated, would cause prices to drop to 17.90. In the upper region, resistance lies at 18.31. The next price resistance is at 18.44. RSI (Relative Strength Index) is 29.18 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 82.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
