Mckesson Corporation’s filing revealed that its Chief Executive Officer TYLER BRIAN S. unloaded Company’s shares for reported $2.11 million on Sep 05 ’24. In the deal valued at $561.10 per share,3,753 shares were sold. As a result of this transaction, TYLER BRIAN S. now holds 78,586 shares worth roughly $40.0 million.
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Then, TYLER BRIAN S. bought 3,753 shares, generating $2,105,808 in total proceeds.
Before that, TYLER BRIAN S. sold 3,753 shares. Mckesson Corporation shares valued at $2,349,491 were divested by the Chief Executive Officer at a price of $626.03 per share. As a result of the transaction, TYLER BRIAN S. now holds 82,339 shares, worth roughly $41.91 million.
Robert W. Baird downgraded its Mckesson Corporation [MCK] rating to a Neutral from a an Outperform in a research note published on September 24, 2024; the price target was decreased to $531 from $603. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who remained covering the stock and in early September has reiterated a ‘”an Outperform”‘ rating for it. Mizuho also remained covering MCK and reiterated its “Neutral” recommendation on August 08, 2024. Leerink Partners started covering the stock on February 26, 2024. It rated MCK as “an Outperform”.
Price Performance Review of MCK
On Monday, Mckesson Corporation [NYSE:MCK] saw its stock jump 0.30% to $508.95. Over the last five days, the stock has gained 0.12%. Mckesson Corporation shares have risen nearly 9.93% since the year began. Nevertheless, the stocks have risen 12.69% over the past one year. While a 52-week high of $637.51 was reached on 08/02/24, a 52-week low of $431.35 was recorded on 01/02/24. SMA at 50 days reached $515.68, while 200 days put it at $539.41.
Levels Of Support And Resistance For MCK Stock
The 24-hour chart illustrates a support level at 505.67, which if violated will result in even more drops to 502.40. On the upside, there is a resistance level at 511.77. A further resistance level may holdings at 514.60. The Relative Strength Index (RSI) on the 14-day chart is 51.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.43%. Stochastics %K at 55.05% indicates the stock is a holding.
How much short interest is there in Mckesson Corporation?
A steep rise in short interest was recorded in Mckesson Corporation stocks on 2024-10-15, growing by 0.12 million shares to a total of 2.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.98 million shares. There was a rise of 5.76%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 03, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $537 price target.
