Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mckesson Corporation shares valued at $188,760 were sold by Lau Michele on Feb 25 ’25. At $605.00 per share, Lau Michele sold 312 shares. The insider’s holdings dropped to 2,808 shares worth approximately $1.75 million following the completion of this transaction.
Also, Lau Michele purchased 312 shares, netting a total of over 188,760 in proceeds.
Before that, TYLER BRIAN S. had sold 8,961 shares from its account. In a trade valued at $5,358,588, the Chief Executive Officer traded Mckesson Corporation shares for $597.99 each. Upon closing the transaction, the insider’s holdings decreased to 8,961 shares, worth approximately $37.83 million.
Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of September 24, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for MCK. Earlier on September 05, 2024, Leerink Partners resumed 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 3.46%. Over the course of the year, Mckesson Corporation shares have jumped approximately 9.42%. Shares of the company reached a 52-week high of $632.92 on 02/26/25 and a 52-week low of $565.75 on 01/02/25. A 50-day SMA is recorded $590.81, while a 200-day SMA reached $568.59. Nevertheless, trading volume fell to 0.72 million shares from 1.28 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 618.12, which, if violated, would cause prices to drop to 612.63. In the upper region, resistance lies at 631.02. The next price resistance is at 638.42. RSI (Relative Strength Index) is 62.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 14.52, which suggests the price will increase in the coming days. Percent R is at 14.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
