Mckesson Corporation (NYSE: MCK) is 3.78% higher on its value in year-to-date trading and has touched a low of $431.35 and a high of $637.51 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 $505.00 in the last trading session, with the day’s loss setting it -24.51%.
Currently trading at $480.49, the stock is -8.98% and -14.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.1 million and changing -4.85% at the moment leaves the stock -10.17% off its SMA200. MCK registered 9.54% gain for a year compared to 6-month gain of -9.78%. The firm has a 50-day simple moving average (SMA 50) of $557.2262 and a 200-day simple moving average (SMA200) of $535.0121.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -12.98% loss in the last 1 month and extending the period to 3 months gives it a -20.50%, and is -6.50% 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 2.21% over the week and 2.38% over the month.
Mckesson Corporation (MCK) has around 51000 employees, a market worth around $62.31B and $313.75B in sales. Current P/E ratio is 21.49 and Fwd P/E is 13.44. Profit margin for the company is 0.94%. Distance from 52-week low is 11.39% and -24.63% from its 52-week high. The company has generated returns on investments over the last 12 months (55.88%).
with sales reaching $89.21B over the same period.The EPS is expected to grow by 16.90% this year, but quarterly earnings will post 14.00% year-over-year. Quarterly sales are estimated to grow 17.30% in year-over-year returns.
Mckesson Corporation (MCK) Top Institutional Holders
2141.0 institutions hold shares in Mckesson Corporation (MCK), with institutional investors hold 88.75% of the company’s shares. The shares outstanding are 130.00M, and float is at 129.53M with Short Float at 1.46%. Institutions hold 88.67% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 11.98 million shares valued at $7.0 billion. The investor’s holdings represent 8.9938% of the MCK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.47 million shares valued at $6.7 billion to account for 8.612 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.95 million shares representing 4.4647% and valued at over $3.48 billion, while MASSACHUSETTS FINANCIAL SERVICES CO /MA/ holds 3.6072 of the shares totaling 4.8 million with a market value of $2.81 billion.
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 Sep 05 ’24 at a price of $561.10 per share for a total of $2.11 million. Following the sale, the insider now owns 78586.0 shares.
Still, SEC filings show that on Aug 05 ’24, TYLER BRIAN S. (Chief Executive Officer) disposed off 3,753 shares at an average price of $626.03 for $2.35 million. The insider now directly holds 82,339 shares of Mckesson Corporation (MCK).
