Cencora Inc.’s recent filing unveils that its Executive Vice President Battaglia Silvana unloaded 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 sold. As a result of this transaction, Battaglia Silvana now holds 10,948 shares worth roughly $2.61 million.
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Then, Battaglia Silvana bought 1,473 shares, generating $357,483 in total proceeds.
Before that, Walgreens Boots Alliance, Inc. sold 4,438,171 shares. Cencora Inc. shares valued at $1,067,646,416 were divested by the 10% Owner at a price of $240.56 per share. As a result of the transaction, Walgreens Boots Alliance, Inc. now holds 19,980,000 shares, worth roughly $4.77 billion.
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 jump 0.31% to $238.85. Over the last five days, the stock has gained 0.45%. Cencora Inc. shares have risen nearly 16.30% since the year began. Nevertheless, the stocks have risen 32.69% 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 $231.49, while 200 days put it at $224.34.
Levels Of Support And Resistance For COR Stock
The 24-hour chart illustrates a support level at 237.92, which if violated will result in even more drops to 236.99. On the upside, there is a resistance level at 239.37. A further resistance level may holdings at 239.89. The Relative Strength Index (RSI) on the 14-day chart is 58.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.89%. Stochastics%K at 46.29% 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 2024-07-31, 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.
