Mckesson Corporation’s recent filing unveils that its Chief Executive Officer TYLER BRIAN S. unloaded Company’s shares for reported $1.82 million on Mar 15 ’24. In the deal valued at $524.55 per share,3,473 shares were sold. As a result of this transaction, TYLER BRIAN S. now holds 43,445 shares worth roughly $23.29 million.
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Then, Rutledge Napoleon B JR sold 190 shares, generating $100,698 in total proceeds. Upon selling the shares at $529.99, the SVP, Controller & CAO now owns 887 shares.
Before that, Smith LeAnn B sold 186 shares. Mckesson Corporation shares valued at $92,256 were divested by the EVP & Chief HR Officer at a price of $496.00 per share. As a result of the transaction, Smith LeAnn B now holds 1,511 shares, worth roughly $0.81 million.
Leerink Partners initiated its Mckesson Corporation [MCK] rating to an Outperform in a research note published on February 26, 2024; the price target was $600. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Wells Fargo began covering MCK with “an Equal weight” recommendation on December 14, 2023. Citigroup started covering the stock on March 31, 2023. It rated MCK as “a Buy”.
Price Performance Review of MCK
On Tuesday, Mckesson Corporation [NYSE:MCK] saw its stock jump 0.66% to $536.09. Over the last five days, the stock has gained 0.33%. Mckesson Corporation shares have risen nearly 15.79% since the year began. Nevertheless, the stocks have risen 54.69% over the past one year. While a 52-week high of $537.26 was reached on 03/26/24, a 52-week low of $347.45 was recorded on 01/02/24. SMA at 50 days reached $511.47, while 200 days put it at $456.14. A total of 0.54 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For MCK Stock
The 24-hour chart illustrates a support level at 532.41, which if violated will result in even more drops to 528.72. On the upside, there is a resistance level at 539.04. A further resistance level may holdings at 541.98. The Relative Strength Index (RSI) on the 14-day chart is 61.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.84%. Stochastics %K at 80.96% indicates the stock is a selling.
How much short interest is there in Mckesson Corporation?
A steep rise in short interest was recorded in Mckesson Corporation stocks on Feb 29, 2024, dropping by 70000.0 shares to a total of 1.5 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.57 million shares. There was a decline of -4.67%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.79.
