Cencora Surges to 280th in Trading Volume with $343 Million Day Despite Stock Price Decline

On June 5, 2025, Cencora (COR) experienced a significant trading volume of $343 million, marking a 45.69% increase from the previous day. This surge placed Cencora at the 280th position in terms of trading volume for the day. However, the stock price declined by 0.21%, marking the third consecutive day of decline, with a total decrease of 1.25% over the past three days.

Cencora reported a strong earnings surge for the second quarter, accompanied by the declaration of a $0.55 dividend. This financial performance has garnered attention from analysts, who have set a range of price targets for the stock. The lowest target is $257.45, while the average target is $321.43, and the highest target is $355.00. The current share price stands at $289.25, indicating that analysts generally view the stock as undervalued.

Citi analyst Daniel Grosslight has maintained a buy rating for Cencora, adjusting the target price from $295 to $330. Grosslight's recommendations have shown a success rate of 46.4% and an average return of 8.6% over the past year. This positive outlook from Citi, along with the strong earnings report, has contributed to the overall bullish sentiment surrounding Cencora's stock.