Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Premier Inc shares valued at $437,600 were sold by Anderson Leigh on Dec 20 ’24. At $21.88 per share, Anderson Leigh sold 20,000 shares. The insider’s holdings dropped to 111,707 shares worth approximately $2.39 million following the completion of this transaction.
Also, Anderson Leigh purchased 20,000 shares, netting a total of over 437,577 in proceeds.
Before that, McKasson Craig S. had added 150 shares to its account. In a trade valued at $3,255, the Member of immediate family of bought Premier Inc shares for $21.70 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 -0.65%. Over the course of the year, Premier Inc shares have jumped approximately 0.80%. Shares of the company reached a 52-week high of $21.39 on 01/02/25 and a 52-week low of $20.95 on 01/02/25. A 50-day SMA is recorded $21.76, while a 200-day SMA reached $20.36. Nevertheless, trading volume fell to 0.86 million shares from 1.41 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 21.09, which, if violated, would cause prices to drop to 20.80. In the upper region, resistance lies at 21.52. The next price resistance is at 21.67. RSI (Relative Strength Index) is 44.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 62.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
