Cencora Inc.’s recent filing unveils that its Chairman, President & CEO COLLIS STEVEN H unloaded Company’s shares for reported $5.18 million on Sep 17 ’24. In the deal valued at $241.01 per share,21,509 shares were sold. As a result of this transaction, COLLIS STEVEN H now holds 285,088 shares worth roughly $67.69 million.
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Then, Lon Greenberg bought 4,000 shares, generating $959,520 in total proceeds.
Before that, COLLIS STEVEN H bought 21,509 shares. Cencora Inc. shares valued at $5,183,884 were divested by the Officer at a price of $241.01 per share.
BofA Securities downgraded its Cencora Inc. [COR] rating to a Neutral from a a Buy in a research note published on September 18, 2024; the price target was decreased to $245 from $275. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”an Outperform”‘ rating. Barclays began covering COR with “an Overweight” recommendation on January 03, 2024. Wells Fargo started covering the stock on December 14, 2023. It rated COR as “an Equal weight”.
Price Performance Review of COR
On Friday, Cencora Inc. [NYSE:COR] saw its stock jump 0.76% to $237.43. Over the last five days, the stock has gained 6.68%. Cencora Inc. shares have risen nearly 15.61% since the year began. Nevertheless, the stocks have risen 25.26% over the past one year. While a 52-week high of $247.66 was reached on 08/02/24, a 52-week low of $182.75 was recorded on 01/02/24. SMA at 50 days reached $232.35, while 200 days put it at $231.07.
Levels Of Support And Resistance For COR Stock
The 24-hour chart illustrates a support level at 235.46, which if violated will result in even more drops to 233.49. On the upside, there is a resistance level at 238.78. A further resistance level may holdings at 240.13. The Relative Strength Index (RSI) on the 14-day chart is 66.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.72%. Stochastics %K at 95.89% indicates the stock is a selling.
How much short interest is there in Cencora Inc.?
A steep rise in short interest was recorded in Cencora Inc. stocks on 2024-09-30, growing by 0.73 million shares to a total of 10.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.52 million shares. There was a rise of 7.09%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 31, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $185 price target.
