Cencora Inc (COR US, +1, 29-May-26)

Mark Durcan (Chairman since Oct 2025, Lead Independent Director since Mar 2023, joined 2015) bought 4,000 shares on May 28th at $266, spending $1 million. 

The purchase comes after a sharp decline in the stock following Q2 earnings released in early May. Following that report and the stock’s decline, the company announced it would resume share repurchases (temporarily paused in Jan 2026), with a maximum of $2 billion. This is Duncan’s fourth purchase after 11 years as a Director. 

His prior buys were between $100k to $200k in size and at prices ranging from $78 in March 2020 and $218 in May 2024 (part of a +N signal). This is an interesting, unusually large purchase for him. He was the former CEO of Micron Technology (until 2017) and has served on various other boards, including ASML (currently) and AMD, and has not purchased shares in any of these other roles. 

We are ranking the stock +1 (strongly positive).

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