Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Premier Inc shares valued at $403,395 were purchased by Alkire Michael J. on Nov 13 ’24. At $23.16 per share, Alkire Michael J. acquired 17,415 shares.
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Also, Alkire Michael J. sold 2,100 shares, netting a total of over 42,189 in proceeds. Following the sale of shares at $20.09 each, the insider now holds 538,143 shares.
Before that, Alkire Michael J. had added 2,100 shares to its account. In a trade valued at $42,191, the Officer bought Premier Inc shares for $20.09 each.
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 drop of approximately -0.90%. Over the course of the year, Premier Inc shares have jumped approximately 3.44%. 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 $20.27, while a 200-day SMA reached $20.24. Nevertheless, trading volume fell to 0.67 million shares from 0.88 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 22.98, which, if violated, would cause prices to drop to 22.83. In the upper region, resistance lies at 23.30. The next price resistance is at 23.48. RSI (Relative Strength Index) is 73.25 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.50, which suggests the price will increase in the coming days. Percent R is at 8.15%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
