Shares closed at $255.66 on Thursday as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
Cencora beat Amazon, which fell 1.39%, while UnitedHealth rose 0.67% and CVS gained 0.58% in the weak broader market session.
The stock remains 32.28% below its 52-week high of $377.54 reached on 25 November, while trading volume of 3.7 million topped its 50-day average of 1.5 million.
Analysts predict a 61% upside for Cencora. Is this healthcare giant Wall Street’s biggest hidden gem?
With sales forecasts cut but profits rising, is Cencora’s high-margin strategy a blueprint for success?