Short Interest Update on McKesson Corporation (MCK)

McKesson Corporation (MCK) : The short interest in McKesson Corporation (MCK) has changed with an increase of 209,089 shares and the open interest is 8.7%. From 2,396,511 short positions on Jul 29, 2016, the shorts increased to 2,605,600 shares by August 15, 2016. There are 3 more days left for the expiry and the daily trading volume of the stock is 995,251 shares. The total interest of shorts is 1.2% of the shares available to the public. The short interest information was released on Wednesday Aug 24th after the market close.

McKesson Corporation (NYSE:MCK): The stock opened at $192.78 on Wednesday but the bulls could not build on the opening and the stock topped out at $193.58 for the day. The stock traded down to $188.64 during the day, due to lack of any buying support eventually closed down at $189.05 with a loss of -1.92% for the day. The stock had closed at $192.75 on the previous day. The total traded volume was 1,536,240 shares.


In a related news, The Securities and Exchange Commission has divulged that Knowles Marie L/Ca, director of Mckesson Corp, had unloaded 915 shares at an average price of $192.73 in a transaction dated on August 1, 2016. The total value of the transaction was worth $176,348.

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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