Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cencora Inc. shares valued at $2,571,604 were sold by COLLIS STEVEN H on Aug 20 ’24. At $239.13 per share, COLLIS STEVEN H sold 10,754 shares. The insider’s holdings dropped to 285,088 shares worth approximately $67.35 million following the completion of this transaction.
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Also, COLLIS STEVEN H purchased 10,754 shares, netting a total of over 2,571,604 in proceeds.
Before that, Battaglia Silvana had sold 1,473 shares from its account. In a trade valued at $357,482, the Executive Vice President traded Cencora Inc. shares for $242.69 each. Upon closing the transaction, the insider’s holdings decreased to 1,473 shares, worth approximately $2.59 million.
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 -0.09%. Over the course of the year, Cencora Inc. shares have jumped approximately 15.03%. 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 $232.32, while a 200-day SMA reached $226.94. Nevertheless, trading volume fell to 2.47 million shares from 0.97 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 232.60, which, if violated, would cause prices to drop to 228.97. In the upper region, resistance lies at 239.19. The next price resistance is at 242.15. RSI (Relative Strength Index) is 48.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.69, which suggests the price will increase in the coming days. Percent R is at 66.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
