Don't Ignore The Insider Selling In Cencora
Some Cencora, Inc. (NYSE:COR) shareholders may be a little concerned to see that the Senior VP, Lazarus Krikorian, recently sold a substantial US$1.4m worth of stock at a price of US$343 per share. That's a big disposal, and it decreased their holding size by 19%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At Cencora
Notably, that recent sale by Lazarus Krikorian is the biggest insider sale of Cencora shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$341. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern.
In the last year Cencora insiders didn't buy any company stock. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
See our latest analysis for Cencora
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Insider Ownership
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Cencora insiders own about US$237m worth of shares (which is 0.4% of the company). This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Cencora Insider Transactions Indicate?
An insider sold Cencora shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, Cencora makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Cencora has 3 warning signs and it would be unwise to ignore these.
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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.