Cencora Inc.’s filing revealed that its Affiliate Walgreens Boots Alliance Holdi acquired Company’s shares for reported $830.9 million on Aug 01 ’24. In the deal valued at $244.46 per share,3,398,929 shares were bought.
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Then, Walgreens Boots Alliance, Inc. sold 4,438,171 shares, generating $1,067,646,416 in total proceeds. Upon selling the shares at $240.56, the 10% Owner now owns 19,980,000 shares.
Before that, COLLIS STEVEN H sold 10,755 shares. Cencora Inc. shares valued at $2,388,901 were divested by the Chairman, President & CEO at a price of $222.12 per share. As a result of the transaction, COLLIS STEVEN H now holds 285,088 shares, worth roughly $68.78 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 Monday, Cencora Inc. [NYSE:COR] saw its stock fall -2.55% to $241.25. Over the last five days, the stock has gained 6.19%. Cencora Inc. shares have risen nearly 17.47% since the year began. Nevertheless, the stocks have risen 26.07% over the past one year. While a 52-week high of $247.66 was reached on 08/02/24, a 52-week low of $171.65 was recorded on 01/02/24. SMA at 50 days reached $228.88, while 200 days put it at $221.85. A total of 2.35 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 237.31, which if violated will result in even more drops to 233.37. On the upside, there is a resistance level at 246.06. A further resistance level may holdings at 250.87. The Relative Strength Index (RSI) on the 14-day chart is 66.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.74%. Stochastics%K at 89.86% indicates the stock is a selling.
