Cencora is trading higher today, tracking the positive momentum seen among its peers in the medical distribution industry, such as McKesson and Cardinal Health.
The stock is benefiting from a broader market lift following the release of August Personal Consumption Expenditures data, which showed inflation growth slowing to 0.3% for the headline index and 0.2% for core figures. While some segments of the broader healthcare sector, specifically hospital stocks, have faced pressu