Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cencora Inc. shares valued at $5,183,884 were sold by COLLIS STEVEN H on Sep 17 ’24. At $241.01 per share, COLLIS STEVEN H sold 21,509 shares. The insider’s holdings dropped to 285,088 shares worth approximately $63.19 million following the completion of this transaction.
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Also, Lon Greenberg purchased 4,000 shares, netting a total of over 959,520 in proceeds.
Before that, COLLIS STEVEN H had added 21,509 shares to its account. In a trade valued at $5,183,884, the Officer bought Cencora Inc. shares for $241.01 each.
As published in a research note from BofA Securities on September 18, 2024, Cencora Inc. [COR] has been rated down from a Buy to a Neutral and the price target has been revised to $245 from $275. Analysts at Leerink Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. As of January 03, 2024, Barclays has initiated its “an Overweight” rating for COR. Earlier on December 14, 2023, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for COR stock.
Analyzing COR Stock Performance
During the last five days, there has been a drop of approximately -0.80%. Over the course of the year, Cencora Inc. shares have jumped approximately 7.92%. 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 $234.62, while a 200-day SMA reached $229.72. Nevertheless, trading volume fell to 1.81 million shares from 1.34 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 220.82, which, if violated, would cause prices to drop to 220.00. In the upper region, resistance lies at 223.03. The next price resistance is at 224.42. RSI (Relative Strength Index) is 32.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.61, which suggests the price will decrease in the coming days. Percent R is at 97.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
