Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cencora Inc shares valued at $454,754 were sold by Krikorian Lazarus on Dec 03 ’24. At $250.41 per share, Krikorian Lazarus sold 1,816 shares. The insider’s holdings dropped to 21,988 shares worth approximately $4.98 million following the completion of this transaction.
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Also, Krikorian Lazarus purchased 1,816 shares, netting a total of over 454,754 in proceeds.
Before that, COLLIS STEVEN H had sold 50,000 shares from its account. In a trade valued at $12,198,750, the Executive Chairman traded Cencora Inc shares for $243.97 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $73.89 million.
Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid September. As of February 26, 2024, Leerink Partners has initiated its “an Outperform” rating for COR. Earlier on January 03, 2024, Barclays initiated its rating. Their recommendation was “an Overweight” for COR stock.
Analyzing COR Stock Performance
During the last five days, there has been a drop of approximately -2.52%. Over the course of the year, Cencora Inc shares have jumped approximately 10.17%. Shares of the company reached a 52-week high of $253.27 on 11/29/24 and a 52-week low of $204.53 on 01/02/24. A 50-day SMA is recorded $238.35, while a 200-day SMA reached $233.78. Nevertheless, trading volume fell to 1.73 million shares from 1.16 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 224.77, which, if violated, would cause prices to drop to 223.27. In the upper region, resistance lies at 227.39. The next price resistance is at 228.51. RSI (Relative Strength Index) is 27.89 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.21, which suggests the price will decrease in the coming days. Percent R is at 93.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
