Premier Inc’s recent filing unveils that its Chief Operating Officer Anderson Leigh unloaded Company’s shares for reported $0.39 million on Oct 01 ’24. In the deal valued at $19.62 per share,20,000 shares were sold. As a result of this transaction, Anderson Leigh now holds 131,707 shares worth roughly $2.55 million.
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Then, Alkire Michael J. sold 1,264 shares, generating $25,293 in total proceeds. Upon selling the shares at $20.01, the President & CEO now owns 558,143 shares.
Before that, Anderson Leigh bought 20,000 shares. Premier Inc shares valued at $399,800 were divested by the Officer at a price of $19.99 per share.
The Benchmark Company downgraded its Premier Inc [PINC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Leerink Partners began covering PINC with “Market perform” recommendation on February 26, 2024. Barclays started covering the stock on January 03, 2024. It rated PINC as “an Equal weight”.
Price Performance Review of PINC
On Tuesday, Premier Inc [NASDAQ:PINC] saw its stock unchanged to $19.37. Over the last five days, the stock has gained 1.47%. Premier Inc shares have fallen nearly -13.37% since the year began. Nevertheless, the stocks have fallen -3.05% over the past one year. While a 52-week high of $23.01 was reached on 01/08/24, a 52-week low of $17.95 was recorded on 06/17/24. SMA at 50 days reached $19.87, while 200 days put it at $20.36.
Levels Of Support And Resistance For PINC Stock
The 24-hour chart illustrates a support level at 19.18, which if violated will result in even more drops to 18.99. On the upside, there is a resistance level at 19.59. A further resistance level may holdings at 19.81. The Relative Strength Index (RSI) on the 14-day chart is 45.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.17%. Stochastics %K at 30.30% indicates the stock is a holding.
How much short interest is there in Premier Inc?
A steep rise in short interest was recorded in Premier Inc stocks on 2024-09-30, dropping by -1.47 million shares to a total of 6.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.9 million shares. There was a decline of -22.81%, which implies that there is a negative sentiment for the stock.
