Shares of McKesson Corporation (MCK) Sees Large Outflow of Money

McKesson Corporation (MCK) : The total money flow in McKesson Corporation (MCK) was negative ($6.17 million), showing the domination of sellers in the Thursday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $12.45 million. Transactions on upticks were comparatively lower at $6.27 million. The uptick to downtick ratio was 0.5. The total block trades on downticks were valued at $5.76 million. The money flow during block trades was negative ($5.76 million) when the stock traded with a gain of $108 cent. McKesson Corporation (MCK) was $192.96, an increase of 0.56% over the previous days close.


McKesson Corporation (MCK) : 10 Wall Street analysts covering McKesson Corporation (MCK) believe that the average level the stock could reach for the short term is $192.8. The maximum price target given is $220 and the minimum target for short term is around $172, hence the standard deviation is calculated at $16.23. The stock has recorded a 20-day Moving Average of 4.71% and the 50-Day Moving Average is 7.01%.

McKesson Corporation (NYSE:MCK): The stock opened at $191.88 on Thursday but the bulls could not build on the opening and the stock topped out at $193.60 for the day. The stock traded down to $190.08 during the day, due to lack of any buying support eventually closed down at $191.20 with a loss of -0.35% for the day. The stock had closed at $191.88 on the previous day. The total traded volume was 1,255,378 shares.

McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals, medical supplies and healthcare information technology. The Company operates through two business segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment, and health and beauty care products across North America and internationally. The Distribution Solutions segment provides pharmaceutical solutions for biotech and pharmaceutical manufacturers, and practice management, technology, clinical support and business solutions to oncology and other specialty practices operating in the community setting. The Technology Solutions segment delivers clinical, patient care, financial, supply chain and strategic management software solutions, as well as connectivity, outsourcing and other services, including remote hosting and managed services, to healthcare organizations.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *