Premier Inc’s recent filing unveils that its President & CEO Alkire Michael J. unloaded Company’s shares for reported $0.4 million on Dec 11 ’24. In the deal valued at $21.80 per share,18,374 shares were sold. As a result of this transaction, Alkire Michael J. now holds 502,354 shares worth roughly $10.93 million.
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Then, Alkire Michael J. bought 18,374 shares, generating $400,469 in total proceeds.
Before that, McKasson Craig S. bought 75,000 shares. Premier Inc shares valued at $1,629,204 were divested by the Officer at a price of $21.72 per share.
The Benchmark Company downgraded its Premier Inc [PINC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Hold”. Leerink Partners began covering PINC with “Market perform” recommendation on February 26, 2024. Barclays started covering the stock on January 03, 2024. It rated PINC as “an Equal weight”.
Price Performance Review of PINC
On Monday, Premier Inc [NASDAQ:PINC] saw its stock fall -0.14% to $21.76. Over the last five days, the stock has lost -0.32%. Premier Inc shares have fallen nearly -2.68% since the year began. Nevertheless, the stocks have fallen -3.03% over the past one year. While a 52-week high of $23.56 was reached on 11/25/24, a 52-week low of $17.95 was recorded on 06/17/24. SMA at 50 days reached $21.33, while 200 days put it at $20.35.
Levels Of Support And Resistance For PINC Stock
The 24-hour chart illustrates a support level at 21.57, which if violated will result in even more drops to 21.39. On the upside, there is a resistance level at 21.91. A further resistance level may holdings at 22.07. The Relative Strength Index (RSI) on the 14-day chart is 46.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.37%. Stochastics %K at 14.51% indicates the stock is a buying.
How much short interest is there in Premier Inc?
A steep rise in short interest was recorded in Premier Inc stocks on 2024-11-29, growing by 0.45 million shares to a total of 7.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.94 million shares. There was a rise of 6.12%, which implies that there is a positive sentiment for the stock.
