Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $47.74 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 $50.02 million.
As published in a research note from Robert W. Baird on November 07, 2024, Mckesson Corporation [MCK] has been rated up from a Neutral to an Outperform and the price target has been revised to $688 from $531. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late September. As of September 05, 2024, Leerink Partners has reiterated its “an Outperform” rating for MCK. Earlier on August 08, 2024, Mizuho resumed its rating. Their recommendation was “a Neutral” for MCK stock.
Analyzing MCK Stock Performance
During the last five days, there has been a surge of approximately 21.36%. Over the course of the year, Mckesson Corporation shares have jumped approximately 31.22%. 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 $511.89, while a 200-day SMA reached $541.10. Nevertheless, trading volume fell to 2.47 million shares from 1.7 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 581.99, which, if violated, would cause prices to drop to 556.48. In the upper region, resistance lies at 624.77. The next price resistance is at 642.02. RSI (Relative Strength Index) is 84.29 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 41.40, which suggests the price will increase in the coming days. Percent R is at 7.25%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
