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Cencora Inc. (COR) gets rating Initiated from Leerink Partners

Cencora Inc.’s recent filing unveils that its Officer Battaglia Silvana acquired Company’s shares for reported $0.36 million on Aug 06 ’24. In the deal valued at $242.69 per share,1,473 shares were bought.

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Then, Battaglia Silvana sold 1,473 shares, generating $357,482 in total proceeds. Upon selling the shares at $242.69, the Executive Vice President now owns 10,948 shares.

Before that, Walgreens Boots Alliance Holdi bought 3,398,929 shares. Cencora Inc. shares valued at $830,902,183 were divested by the Affiliate at a price of $244.46 per share.

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 unchanged to $237.77. Over the last five days, the stock has lost -1.44%. Cencora Inc. shares have risen nearly 15.77% since the year began. Nevertheless, the stocks have risen 27.13% 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 $230.86, while 200 days put it at $223.08.

Levels Of Support And Resistance For COR Stock

The 24-hour chart illustrates a support level at 235.99, which if violated will result in even more drops to 234.22. On the upside, there is a resistance level at 239.82. A further resistance level may holdings at 241.88. The Relative Strength Index (RSI) on the 14-day chart is 58.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.55, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.72%. Stochastics%K at 59.25% indicates the stock is a holding.

How much short interest is there in Cencora Inc.?

A steep rise in short interest was recorded in Cencora Inc. stocks on , dropping by -0.46 million shares to a total of 8.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 9.02 million shares. There was a decline of -5.32%, which implies that there is a negative sentiment for the stock.

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