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Cencora Inc. (COR) – Don’t Be So Quick to Call it Dead

Cencora Inc. (NYSE: COR) is 15.02% higher on its value in year-to-date trading and has touched a low of $172.41 and a high of $247.66 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The COR stock was last observed hovering at around $237.53 in the last trading session, with the day’s loss setting it -1.31%.

Currently trading at $236.22, the stock is -0.70% and 1.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing -0.55% at the moment leaves the stock 3.82% off its SMA200. COR registered 32.91% gain for a year compared to 6-month gain of -0.51%.

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The stock witnessed a -0.65% loss in the last 1 month and extending the period to 3 months gives it a 1.55%, and is -2.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.85% over the week and 1.51% over the month.

Cencora Inc. (COR) has around 46000 employees, a market worth around $46.55B and $283.83B in sales. Current P/E ratio is 25.64 and Fwd P/E is 15.95. Profit margin for the company is 0.65%. Distance from 52-week low is 37.01% and -4.62% from its 52-week high. The company has generated returns on investments over the last 12 months (36.46%).

with sales reaching $77.7B over the same period.The EPS is expected to grow by 13.54% this year, but quarterly earnings will post 11.60% year-over-year. Quarterly sales are estimated to grow 12.70% in year-over-year returns.

1573.0 institutions hold shares in Cencora Inc. (COR), with institutional investors hold 100.47% of the company’s shares. The shares outstanding are 200.81M, and float is at 176.38M with Short Float at 5.09%. Institutions hold 89.97% of the Float.

The top institutional shareholder in the company is KLCM ADVISORS, INC. with over 1350.0 shares valued at $0.3 million. The investor’s holdings represent 0.0007 of the COR Shares outstanding. As of 2024-06-30, the second largest holder is TWIN LAKES CAPITAL MANAGEMENT, LLC with 100.0 shares valued at $22530.0 to account for 0.0001 of the shares outstanding.

Cencora Inc. (COR) Insider Activity

The most recent transaction is an insider sale by COLLIS STEVEN H, the company’s Chairman, President & CEO. SEC filings show that COLLIS STEVEN H sold 10,754 shares of the company’s common stock on Aug 20 ’24 at a price of $239.13 per share for a total of $2.57 million. Following the sale, the insider now owns 0.29 million shares.

Still, SEC filings show that on Aug 06 ’24, Battaglia Silvana (Executive Vice President) disposed off 1,473 shares at an average price of $242.69 for $0.36 million. The insider now directly holds 10,948 shares of Cencora Inc. (COR).

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