The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Premier Inc shares valued at $42,189 were sold by Alkire Michael J. on Oct 18 ’24. At $20.09 per share, Alkire Michael J. sold 2,100 shares. The insider’s holdings dropped to 538,143 shares worth approximately $12.56 million following the completion of this transaction.
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Also, Alkire Michael J. purchased 2,100 shares, netting a total of over 42,191 in proceeds.
Before that, Alkire Michael J. had sold 17,900 shares from its account. In a trade valued at $358,000, the President & CEO traded Premier Inc shares for $20.00 each. Upon closing the transaction, the insider’s holdings decreased to 17,900 shares, worth approximately $12.61 million.
As published in a research note from The Benchmark Company on August 26, 2024, Premier Inc [PINC] has been rated down from a Buy to a Hold. Analysts at Canaccord Genuity downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of February 26, 2024, Leerink Partners has initiated its “Market perform” rating for PINC. Earlier on January 03, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for PINC stock.
Analyzing PINC Stock Performance
During the last five days, there has been a surge of approximately 15.09%. Over the course of the year, Premier Inc shares have jumped approximately 4.38%. Shares of the company reached a 52-week high of $23.43 on 11/06/24 and a 52-week low of $17.95 on 06/17/24. A 50-day SMA is recorded $20.01, while a 200-day SMA reached $20.21. Nevertheless, trading volume fell to 1.83 million shares from 2.54 million shares the previous day.
Support And Resistance Levels for Premier Inc (PINC)
According to the 24-hour chart, there is a support level at 22.85, which, if violated, would cause prices to drop to 22.35. In the upper region, resistance lies at 23.63. The next price resistance is at 23.92. RSI (Relative Strength Index) is 80.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.53, which suggests the price will increase in the coming days. Percent R is at 2.40%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
