Mckesson Corporation’s recent filing unveils 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 $48.97 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 $51.31 million.
Robert W. Baird upgraded its Mckesson Corporation [MCK] rating to an Outperform from a a Neutral in a research note published on November 07, 2024; the price target was increased to $688 from $531. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in late September from “an Outperform” to “a Neutral”. Leerink Partners also remained covering MCK and reiterated its “an Outperform” recommendation on September 05, 2024. Mizuho maintained its rating on August 08, 2024. It rated MCK as “a Neutral”.
Price Performance Review of MCK
On Friday, Mckesson Corporation [NYSE:MCK] saw its stock fall -0.81% to $623.19. Over the last five days, the stock has gained 2.79%. Mckesson Corporation shares have risen nearly 34.60% since the year began. Nevertheless, the stocks have risen 36.23% 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 $530.98, while 200 days put it at $547.65.
Levels Of Support And Resistance For MCK Stock
The 24-hour chart illustrates a support level at 619.31, which if violated will result in even more drops to 615.43. On the upside, there is a resistance level at 629.83. A further resistance level may holdings at 636.47. The Relative Strength Index (RSI) on the 14-day chart is 74.83, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 18.97, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.36%. Stochastics %K at 94.80% indicates the stock is a selling.
How much short interest is there in Mckesson Corporation?
A steep rise in short interest was recorded in Mckesson Corporation stocks on 2024-10-31, dropping by -0.35 million shares to a total of 2.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.39 million shares. There was a decline of -17.22%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 26, 2024 when Leerink Partners began covering the stock and recommended ‘”an Outperform”‘ rating along with a $600 price target.
