In a filing, Mckesson Corporation revealed its Chief Executive Officer TYLER BRIAN S. unloaded Company’s shares for reported $2.35 million on Aug 05 ’24. In the deal valued at $626.03 per share,3,753 shares were sold. As a result of this transaction, TYLER BRIAN S. now holds 82,339 shares worth roughly $45.1 million.
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Then, TYLER BRIAN S. bought 3,753 shares, generating $2,349,491 in total proceeds.
Before that, TYLER BRIAN S. sold 3,753 shares. Mckesson Corporation shares valued at $2,180,193 were divested by the Chief Executive Officer at a price of $580.92 per share. As a result of the transaction, TYLER BRIAN S. now holds 86,092 shares, worth roughly $47.15 million.
Mizuho reiterated its Mckesson Corporation [MCK] rating to a Neutral in a research note published on August 08, 2024; the price target was $570. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”an Outperform”‘ rating. Barclays began covering MCK with “an Overweight” recommendation on January 03, 2024. Wells Fargo started covering the stock on December 14, 2023. It rated MCK as “an Equal weight”.
Price Performance Review of MCK
On Friday, Mckesson Corporation [NYSE:MCK] saw its stock jump 0.42% to $547.71. Over the last five days, the stock has gained 1.21%. Mckesson Corporation shares have risen nearly 18.30% since the year began. Nevertheless, the stocks have risen 27.49% over the past one year. While a 52-week high of $637.51 was reached on 08/02/24, a 52-week low of $404.72 was recorded on 01/02/24. SMA at 50 days reached $588.14, while 200 days put it at $525.56.
Levels Of Support And Resistance For MCK Stock
The 24-hour chart illustrates a support level at 542.27, which if violated will result in even more drops to 536.82. On the upside, there is a resistance level at 551.38. A further resistance level may holdings at 555.04. The Relative Strength Index (RSI) on the 14-day chart is 34.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -34.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.45%. Stochastics%K at 15.44% indicates the stock is a buying.
How much short interest is there in Mckesson Corporation?
A steep rise in short interest was recorded in Mckesson Corporation stocks on 2024-07-31, growing by 36129.0 shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.85 million shares. There was a rise of 1.91%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 31, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $420 price target.
