Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cencora Inc. shares valued at $357,483 were purchased by Battaglia Silvana on Aug 06 ’24. At $242.69 per share, Battaglia Silvana acquired 1,473 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Battaglia Silvana sold 1,473 shares, netting a total of over 357,482 in proceeds. Following the sale of shares at $242.69 each, the insider now holds 10,948 shares.
Before that, Walgreens Boots Alliance Holdi had added 3,398,929 shares to its account. In a trade valued at $830,902,183, the Affiliate bought Cencora Inc. shares for $244.46 each.
As published in their initiating research note from Leerink Partners on February 26, 2024, Cencora Inc. [COR] has been an Outperform and the price target has been revised to $261. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of December 14, 2023, Wells Fargo has initiated its “an Equal weight” rating for COR. Earlier on March 31, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for COR stock.
Analyzing COR Stock Performance
During the last five days, there has been a drop of approximately -3.05%. Over the course of the year, Cencora Inc. shares have jumped approximately 15.40%. Shares of the company reached a 52-week high of $247.66 on 08/02/24 and a 52-week low of $204.53 on 01/02/24. A 50-day SMA is recorded $230.14, while a 200-day SMA reached $222.60. Nevertheless, trading volume fell to 1.74 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for Cencora Inc. (COR)
According to the 24-hour chart, there is a support level at 234.19, which, if violated, would cause prices to drop to 231.39. In the upper region, resistance lies at 239.90. The next price resistance is at 242.81. RSI (Relative Strength Index) is 57.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.24, which suggests the price will increase in the coming days. Percent R is at 42.81%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
