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 $23.6 million.
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 $0.82 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 Friday, Mckesson Corporation [NYSE:MCK] saw its stock jump 0.62% to $543.30. Over the last five days, the stock has gained 3.52%. Mckesson Corporation shares have risen nearly 17.35% since the year began. Nevertheless, the stocks have risen 51.24% over the past one year. While a 52-week high of $543.00 was reached on 04/26/24, a 52-week low of $352.34 was recorded on 01/02/24. SMA at 50 days reached $527.52, while 200 days put it at $469.40. A total of 0.65 million shares were traded, compared to the trading of 19356.0 shares in the previous session.
Levels Of Support And Resistance For MCK Stock
The 24-hour chart illustrates a support level at 537.05, which if violated will result in even more drops to 530.80. On the upside, there is a resistance level at 547.18. A further resistance level may holdings at 551.06. The Relative Strength Index (RSI) on the 14-day chart is 62.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.05%. Stochastics %K at 88.05% indicates the stock is a selling.
