In a filing, Mckesson Corporation revealed its EVP & Chief HR Officer Smith LeAnn B unloaded Company’s shares for reported $0.33 million on Jan 02 ’25. In the deal valued at $572.79 per share,579 shares were sold. As a result of this transaction, Smith LeAnn B now holds 864 shares worth roughly $0.51 million.
Then, Smith LeAnn B bought 579 shares, generating $331,645 in total proceeds.
Before that, Smith LeAnn B sold 579 shares. Mckesson Corporation shares valued at $349,027 were divested by the EVP & Chief HR Officer at a price of $602.81 per share. As a result of the transaction, Smith LeAnn B now holds 1,443 shares, worth roughly $0.85 million.
A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “an Outperform”. Robert W. Baird also remained covering MCK and has decreased its forecast on September 24, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Leerink Partners maintained its rating on September 05, 2024. It rated MCK as “an Outperform”.
Price Performance Review of MCK
On Tuesday, Mckesson Corporation [NYSE:MCK] saw its stock fall -1.10% to $586.08. Over the last five days, the stock has gained 0.17%. Mckesson Corporation shares have risen nearly 2.84% since the year began. Nevertheless, the stocks have risen 18.88% over the past one year. While a 52-week high of $637.51 was reached on 01/17/25, a 52-week low of $464.42 was recorded on 01/02/25. SMA at 50 days reached $594.94, while 200 days put it at $559.80.
Levels Of Support And Resistance For MCK Stock
The 24-hour chart illustrates a support level at 579.32, which if violated will result in even more drops to 572.56. On the upside, there is a resistance level at 595.42. A further resistance level may holdings at 604.76. The Relative Strength Index (RSI) on the 14-day chart is 51.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.56, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.98%. Stochastics %K at 76.43% 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 2024-12-31, dropping by -0.34 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.91 million shares. There was a decline of -21.73%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 08, 2024 when Mizuho resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $570.
