Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mckesson Corporation shares valued at $541 were sold by SALKA SUSAN R on May 13 ’24. At $554.61 per share, SALKA SUSAN R sold 1 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, SALKA SUSAN R sold 606 shares, netting a total of over 338,171 in proceeds. Following the sale of shares at $558.04 each, the insider now holds 0 shares.
Before that, SALKA SUSAN R had sold 4 shares from its account. In a trade valued at $2,232, the Director traded Mckesson Corporation shares for $558.04 each. Upon closing the transaction, the insider’s holdings decreased to 4 shares, worth approximately $557.38.
As published in their initiating research note from Leerink Partners on February 26, 2024, Mckesson Corporation [MCK] has been an Outperform and the price target has been revised to $600. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of December 14, 2023, Wells Fargo has initiated its “an Equal weight” rating for MCK. Earlier on March 31, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for MCK stock.
Analyzing MCK Stock Performance
During the last five days, there has been a surge of approximately 1.06%. Over the course of the year, Mckesson Corporation shares have jumped approximately 20.39%. Shares of the company reached a 52-week high of $566.16 on 05/20/24 and a 52-week low of $462.70 on 01/02/24. A 50-day SMA is recorded $537.21, while a 200-day SMA reached $481.56. Nevertheless, trading volume fell to 0.74 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Mckesson Corporation (MCK)
According to the 24-hour chart, there is a support level at 550.57, which, if violated, would cause prices to drop to 543.75. In the upper region, resistance lies at 562.44. The next price resistance is at 567.49. RSI (Relative Strength Index) is 59.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.60, which suggests the price will increase in the coming days. Percent R is at 19.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
