Mckesson Corporation (NYSE: MCK) is 24.25% higher on its value in year-to-date trading and has touched a low of $395.30 and a high of $612.17 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MCK stock was last observed hovering at around $586.82 in the last trading session, with the day’s loss setting it -11.59%.
Currently trading at $575.23, the stock is -2.98% and 0.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing -1.98% at the moment leaves the stock 13.41% off its SMA200. MCK registered 39.04% gain for a year compared to 6-month gain of 19.58%.
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The stock witnessed a -2.71% loss in the last 1 month and extending the period to 3 months gives it a 8.54%, and is -1.39% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.34% over the week and 1.53% over the month.
Mckesson Corporation (MCK) has around 51000 employees, a market worth around $74.61B and $308.95B in sales. Current P/E ratio is 25.72 and Fwd P/E is 16.11. Profit margin for the company is 0.97%. Distance from 52-week low is 45.52% and -6.03% from its 52-week high. The company has generated returns on investments over the last 12 months (59.16%).
The EPS is expected to grow by 15.41% this year
The shares outstanding are 130.00M, and float is at 129.57M with Short Float at 1.43%.
Mckesson Corporation (MCK) Insider Activity
The most recent transaction is an insider sale by TYLER BRIAN S., the company’s Chief Executive Officer. SEC filings show that TYLER BRIAN S. sold 3,753 shares of the company’s common stock on Jul 03 ’24 at a price of $580.92 per share for a total of $2.18 million. Following the sale, the insider now owns 86092.0 shares.
Mckesson Corporation disclosed in a document filed with the SEC on Jun 11 ’24 that Smith LeAnn B (EVP & Chief HR Officer) sold a total of 600 shares of the company’s common stock. The trade occurred on Jun 11 ’24 and was made at $585.53 per share for $0.35 million. Following the transaction, the insider now directly holds 2022.0 shares of the MCK stock.
Still, SEC filings show that on Jun 07 ’24, Martinez Maria (Director) disposed off 483 shares at an average price of $585.88 for $0.28 million. The insider now directly holds 0 shares of Mckesson Corporation (MCK).
