The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Premier Inc shares valued at $3,255 were purchased by McKasson Craig S. on Dec 17 ’24. At $21.70 per share, McKasson Craig S. acquired 150 shares.
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Also, Alkire Michael J. sold 18,374 shares, netting a total of over 400,553 in proceeds. Following the sale of shares at $21.80 each, the insider now holds 502,354 shares.
Before that, Alkire Michael J. had added 18,374 shares to its account. In a trade valued at $400,469, the Officer bought Premier Inc shares for $21.80 each.
As published in a research note from The Benchmark Company on August 26, 2024, Premier Inc [PINC] has been rated down from a Buy to a Hold. Analysts at Canaccord Genuity downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of February 26, 2024, Leerink Partners has initiated its “Market perform” rating for PINC. Earlier on January 03, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for PINC stock.
Analyzing PINC Stock Performance
During the last five days, there has been a drop of approximately -0.88%. Over the course of the year, Premier Inc shares have dropped approximately -3.80%. Shares of the company reached a 52-week high of $23.56 on 11/25/24 and a 52-week low of $17.95 on 06/17/24. A 50-day SMA is recorded $21.46, while a 200-day SMA reached $20.35. Nevertheless, trading volume fell to 1.11 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Premier Inc (PINC)
According to the 24-hour chart, there is a support level at 21.16, which, if violated, would cause prices to drop to 20.81. In the upper region, resistance lies at 21.86. The next price resistance is at 22.22. RSI (Relative Strength Index) is 44.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 76.88%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
