Premier, Inc. (NASDAQ:PINC) Continuing to Trade Below Moving Averages

Premier, Inc. (NASDAQ:PINC) shares have been on a recent steady downtrend, causing some worry for shareholders.

It is important to consider the moving averages of a downtrending security.  We see here that Premier, Inc. (NASDAQ:PINC) is -0.73% away from the 20-Day Simple Moving Average.  Their 50-Day Simple Moving Average is a difference of -8.03% from current levels.  Further back, their 200-Day Simple Moving Average is -11.74% difference from today’s price.  Currently, the stock is -16.71% from its 50-Day High and 7.53% from the 50-day low. 

RSI and Recommendations

Premier, Inc.’s RSI is 44.39.  Based on the stock’s volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 2.22% and month of 3.67%.  Wall Street analysts have a consensus 1.70 recommendation on the stock.  

Premier, Inc. (NASDAQ:PINC)’s performance this year to date is -4.94%.  The stock has performed 2.67% over the last seven days, -11.28% over the last thirty, and -11.85% over the last three months.  Over the last six months, Premier, Inc.’s stock has been -16.40% and -3.22% for the year.

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