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Mizuho gives an Outperform recommendation for Cencora Inc (COR)

Cencora Inc’s recently made public that its Executive Chairman COLLIS STEVEN H unloaded Company’s shares for reported $3.93 million on Mar 25 ’25. In the deal valued at $269.51 per share,14,578 shares were sold. As a result of this transaction, COLLIS STEVEN H now holds 317,913 shares worth roughly $90.38 million.

Then, Campbell Elizabeth S sold 4,127 shares, generating $1,107,192 in total proceeds. Upon selling the shares at $268.28, the Executive Vice President now owns 14,665 shares.

Before that, COLLIS STEVEN H bought 14,578 shares. Cencora Inc shares valued at $3,928,917 were divested by the Director at a price of $269.51 per share.

A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Neutral”. Leerink Partners began covering COR with “an Outperform” recommendation on February 26, 2024. Barclays started covering the stock on January 03, 2024. It rated COR as “an Overweight”.

Price Performance Review of COR

On Monday, Cencora Inc [NYSE:COR] saw its stock fall -0.01% to $284.29. Over the last five days, the stock has gained 3.54%. Cencora Inc shares have risen nearly 26.53% since the year began. Nevertheless, the stocks have risen 20.65% over the past one year. While a 52-week high of $296.65 was reached on 04/04/25, a 52-week low of $214.77 was recorded on 01/02/25. SMA at 50 days reached $260.24, while 200 days put it at $241.15.

Levels Of Support And Resistance For COR Stock

The 24-hour chart illustrates a support level at 281.03, which if violated will result in even more drops to 277.76. On the upside, there is a resistance level at 286.53. A further resistance level may holdings at 288.76. The Relative Strength Index (RSI) on the 14-day chart is 66.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.25%. Stochastics %K at 53.91% indicates the stock is a holding.

How much short interest is there in Cencora Inc?

A steep rise in short interest was recorded in Cencora Inc stocks on 2025-03-31, dropping by 17530.0 shares to a total of 6.93 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 6.94 million shares. There was a decline of -0.25%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 14, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $213 price target.

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