Shares of McKesson Corporation (MCK) Sees Large Inflow of Net Money Flow

McKesson Corporation (MCK) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $38.55 million worth of transactions were on upticks, whereas, the downticks accounted for $25.04 million worth of transactions. The net money flow was a positive $13.51 million and the uptick to downtick ratio was 1.54. The net money flow into the stock was $13.4 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $13.4 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. McKesson Corporation (MCK) was trading at $182.98, down $0.29 during day. The stock slid -0.16% over the previous days close. For the week, the stock recorded 0.1% over the previous weeks close.


The company Insiders own 1.15% of McKesson Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -37.13% . Institutional Investors own 85.01% of McKesson Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -77.48%.

In a related news, Jacobs M Christine, director of Mckesson Corp, unloaded 915 shares at an average price of $193.78 on August 22, 2016. The total amount of the transaction was worth $177,309, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

McKesson Corporation (NYSE:MCK): stock was range-bound between the intraday low of $182.67 and the intraday high of $184.439 after having opened at $184.04 on Fridays session. The stock finally closed in the red at $184.04, a loss of -0.16%. The stock remained in the red for the whole trading day. The total traded volume was 668,481 shares. The stock failed to cross $184.439 in Fridays trading. The stocks closing price on Thursday was $183.27.

McKesson Corporation (MCK) : During the past 4 weeks, traders have been relatively bearish on McKesson Corporation (MCK), hence the stock is down -5.88% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.4% relative to the S&P 500. The stock has risen by 0.1% in the past week indicating that the buyers are active at lower levels, but the stock is down -6% in the past 4 weeks.

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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