The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mckesson Corporation shares valued at $2,105,808 were sold by TYLER BRIAN S. on Sep 05 ’24. At $561.10 per share, TYLER BRIAN S. sold 3,753 shares. The insider’s holdings dropped to 78,586 shares worth approximately $40.15 million following the completion of this transaction.
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Also, TYLER BRIAN S. purchased 3,753 shares, netting a total of over 2,105,808 in proceeds.
Before that, TYLER BRIAN S. had sold 3,753 shares from its account. In a trade valued at $2,349,491, the Chief Executive Officer traded Mckesson Corporation shares for $626.03 each. Upon closing the transaction, the insider’s holdings decreased to 3,753 shares, worth approximately $42.07 million.
As published in a research note from Robert W. Baird on September 24, 2024, Mckesson Corporation [MCK] has been rated down from an Outperform to a Neutral and the price target has been revised to $531 from $603. Analysts at Leerink Partners resumed the stock at ‘”an Outperform”‘ outlook in a report released in early September. As of August 08, 2024, Mizuho has reiterated its “Neutral” rating for MCK. Earlier on February 26, 2024, Leerink Partners initiated its rating. Their recommendation was “an Outperform” for MCK stock.
Analyzing MCK Stock Performance
During the last five days, there has been a surge of approximately 1.75%. Over the course of the year, Mckesson Corporation shares have jumped approximately 10.36%. Shares of the company reached a 52-week high of $637.51 on 08/02/24 and a 52-week low of $462.70 on 01/02/24. A 50-day SMA is recorded $523.69, while a 200-day SMA reached $538.32. Nevertheless, trading volume fell to 0.85 million shares from 0.91 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 507.66, which, if violated, would cause prices to drop to 504.38. In the upper region, resistance lies at 513.84. The next price resistance is at 516.74. RSI (Relative Strength Index) is 52.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.85, which suggests the price will increase in the coming days. Percent R is at 26.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
