Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cencora Inc shares valued at $5,208,619 were purchased by COLLIS STEVEN H on Nov 19 ’24. At $242.16 per share, COLLIS STEVEN H acquired 21,509 shares.
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Also, COLLIS STEVEN H sold 21,509 shares, netting a total of over 5,071,822 in proceeds. Following the sale of shares at $235.80 each, the insider now holds 285,088 shares.
Before that, COLLIS STEVEN H had added 21,509 shares to its account. In a trade valued at $5,071,822, the Officer bought Cencora Inc shares for $235.80 each.
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 drop of approximately -2.71%. Over the course of the year, Cencora Inc shares have jumped approximately 18.41%. 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 $232.96, while a 200-day SMA reached $233.17. Nevertheless, trading volume fell to 0.75 million shares from 0.82 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 241.27, which, if violated, would cause prices to drop to 239.35. In the upper region, resistance lies at 244.38. The next price resistance is at 245.57. RSI (Relative Strength Index) is 57.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 39.42%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
