Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cencora Inc shares valued at $5,071,822 were sold by COLLIS STEVEN H on Oct 22 ’24. At $235.80 per share, COLLIS STEVEN H sold 21,509 shares. The insider’s holdings dropped to 285,088 shares worth approximately $71.26 million following the completion of this transaction.
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Also, COLLIS STEVEN H purchased 21,509 shares, netting a total of over 5,071,822 in proceeds.
Before that, COLLIS STEVEN H had sold 21,509 shares from its account. In a trade valued at $5,183,884, the Chairman, President & CEO traded Cencora Inc shares for $241.01 each. Upon closing the transaction, the insider’s holdings decreased to 21,509 shares, worth approximately $71.26 million.
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 surge of approximately 1.87%. Over the course of the year, Cencora Inc shares have jumped approximately 21.71%. Shares of the company reached a 52-week high of $251.56 on 11/12/24 and a 52-week low of $204.53 on 01/02/24. A 50-day SMA is recorded $232.38, while a 200-day SMA reached $232.99. Nevertheless, trading volume fell to 1.24 million shares from 1.28 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 248.25, which, if violated, would cause prices to drop to 246.54. In the upper region, resistance lies at 251.39. The next price resistance is at 252.82. RSI (Relative Strength Index) is 74.17 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.07, which suggests the price will increase in the coming days. Percent R is at 6.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
