Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Premier Inc shares valued at $315,895 were purchased by McKasson Craig S. on Jan 07 ’25. At $21.06 per share, McKasson Craig S. acquired 15,000 shares.
Also, Boudreau Helen M sold 2,500 shares, netting a total of over 53,550 in proceeds. Following the sale of shares at $21.42 each, the insider now holds 20,668 shares.
Before that, Boudreau Helen M had added 2,500 shares to its account. In a trade valued at $53,546, the Director bought Premier Inc shares for $21.42 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 -0.19%. Over the course of the year, Premier Inc shares have dropped approximately -0.19%. Shares of the company reached a 52-week high of $21.77 on 01/06/25 and a 52-week low of $20.04 on 01/08/25. A 50-day SMA is recorded $21.87, while a 200-day SMA reached $20.35. Nevertheless, trading volume fell to 2.32 million shares from 1.32 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 20.40, which, if violated, would cause prices to drop to 19.64. In the upper region, resistance lies at 21.56. The next price resistance is at 21.95. RSI (Relative Strength Index) is 42.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 44.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
