Cencora Inc’s recent filing unveils that its SVP & Chief Accounting Officer Krikorian Lazarus unloaded Company’s shares for reported $0.45 million on Dec 03 ’24. In the deal valued at $250.41 per share,1,816 shares were sold. As a result of this transaction, Krikorian Lazarus now holds 21,988 shares worth roughly $5.05 million.
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Then, Krikorian Lazarus bought 1,816 shares, generating $454,754 in total proceeds.
Before that, COLLIS STEVEN H sold 50,000 shares. Cencora Inc shares valued at $12,198,750 were divested by the Executive Chairman at a price of $243.97 per share. As a result of the transaction, COLLIS STEVEN H now holds 326,557 shares, worth roughly $75.05 million.
A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Neutral”. Leerink Partners began covering COR with “an Outperform” recommendation on February 26, 2024. Barclays started covering the stock on January 03, 2024. It rated COR as “an Overweight”.
Price Performance Review of COR
On Monday, Cencora Inc [NYSE:COR] saw its stock fall -1.04% to $229.82. Over the last five days, the stock has lost -4.44%. Cencora Inc shares have risen nearly 11.90% since the year began. Nevertheless, the stocks have risen 14.05% over the past one year. While a 52-week high of $253.27 was reached on 11/29/24, a 52-week low of $195.83 was recorded on 01/02/24. SMA at 50 days reached $237.96, while 200 days put it at $233.91.
Levels Of Support And Resistance For COR Stock
The 24-hour chart illustrates a support level at 227.05, which if violated will result in even more drops to 224.28. On the upside, there is a resistance level at 233.74. A further resistance level may holdings at 237.65. The Relative Strength Index (RSI) on the 14-day chart is 31.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.51%. Stochastics %K at 10.25% indicates the stock is a buying.
How much short interest is there in Cencora Inc?
A steep rise in short interest was recorded in Cencora Inc stocks on 2024-11-29, growing by 0.15 million shares to a total of 10.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.96 million shares. There was a rise of 1.53%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 14, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $213 price target.
