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Checking in on Mckesson Corporation (MCK) after recent insiders movement

Mckesson Corporation’s recent filing unveils that its Chief Executive Officer TYLER BRIAN S. unloaded Company’s shares for reported $2.16 million on Jun 05 ’24. In the deal valued at $574.41 per share,3,753 shares were sold. As a result of this transaction, TYLER BRIAN S. now holds 89,845 shares worth roughly $52.73 million.

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Then, Rodgers Thomas L sold 5,232 shares, generating $2,935,100 in total proceeds. Upon selling the shares at $560.99, the EVP, Chief Strategy & BDO now owns 2,544 shares.

Before that, Vitalone Britt J. sold 2,427 shares. Mckesson Corporation shares valued at $1,334,850 were divested by the EVP & CFO at a price of $550.00 per share. As a result of the transaction, Vitalone Britt J. now holds 14,028 shares, worth roughly $8.23 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 0.13% to $586.90. Over the last five days, the stock has gained 3.04%. Mckesson Corporation shares have risen nearly 26.77% since the year began. Nevertheless, the stocks have risen 52.59% over the past one year. While a 52-week high of $587.23 was reached on 06/07/24, a 52-week low of $383.82 was recorded on 01/02/24. SMA at 50 days reached $545.30, while 200 days put it at $489.29. A total of 0.53 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For MCK Stock

The 24-hour chart illustrates a support level at 583.49, which if violated will result in even more drops to 580.07. On the upside, there is a resistance level at 591.06. A further resistance level may holdings at 595.21. The Relative Strength Index (RSI) on the 14-day chart is 71.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 17.72, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.94%. Stochastics %K at 95.19% indicates the stock is a selling.

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