Premier ( (PINC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Premier Inc.’s stock price movement is primarily due to its acquisition by Patient Square Capital, which offers stockholders a 23.8% premium per share. As a result of this acquisition, Premier will transition into a private company, and its shares will no longer be publicly traded. Additionally, the suspension of dividends as part of this transition has affected future returns for investors.
More about Premier
YTD Price Performance: 25.03%
Average Trading Volume: 1,904,111
Technical Sentiment Signal: Buy
Current Market Cap: $2.13B
For further insights into PINC stock on TipRanks’ Stock Analysis page.
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