Large Outflow of Money Witnessed in McKesson Corporation

McKesson Corporation (MCK) : The total negative money flow of $6.37 million on Wednesday indicates selling on strength. The inflow of money on upticks was $30.61 million, compared to $36.98 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.83. The negative money flow of $4.37 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $4.37 million. The price action in the McKesson Corporation (MCK) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $166.59 with a gain of $0.23 , a change of 0.14% over the previous days close. The stock registered -0.29% for the week.


Shares of McKesson Corporation appreciated by 0.13% during the last five trading days but lost 9.26% on a 4-week basis. McKesson Corporation has dropped 8.98% during the last 3-month period . Year-to-Date the stock performance stands at -15.11%.

McKesson Corporation (MCK) : 11 analysts are covering McKesson Corporation (MCK) and their average rating on the stock is 1.95, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. McKesson Corporation (MCK) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

McKesson Corporation (NYSE:MCK): The stock opened at $166.23 and touched an intraday high of $167.34 on Wednesday. During the day, the stock corrected to an intraday low of $165.63, however, the bulls stepped in and pushed the price higher to close in the green at $166.62 with a gain of 0.16% for the day. The total traded volume for the day was 985,195. The stock had closed at $166.36 in the previous trading session.

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.

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