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

McKesson Corporation (MCK) traded negative at $139.15. On an intraday basis, the price dropped -0.01 points or 0%. The composite uptick value was $31.31 million while the combined downtick value was $21.86. The net money flow was $9.45 million while the up/down ratio was not very comforting at 1.43. The shares on a weekly note has seen a change in share price of 1.76%.According to the trading data, the shares saw a block trade with $5.75 million in upticks and $0 million in downticks. The up/down ratio for the block was calculated to be 0. The net money flow for the block trade was 5.75.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

McKesson Corporation has lost 7.33% in the last five trading days and dropped 0.3% in the last 4 weeks. McKesson Corporation is up 10.33% in the last 3-month period. Year-to-Date the stock performance stands at -0.3%. McKesson Corporation (NYSE:MCK) rose 0.63% or 0.88 points on Wednesday and made its way into the gainers of the day. After trading began at $139.7 the stock was seen hitting $140.5 as a peak level and $138.71 as the lowest level. The stock ended up at $140.03. The daily volume was measured at 2,800,136 shares. The 52-week high of the share price is $199.43 and the 52-week low is $114.53. The company has a market cap of $29,694 million.

Company has reported several Insider transactions to the SEC, on Dec 6, 2016, Wayne A Budd (director) sold 723 shares at 145.77 per share price.On Dec 1, 2016, Lori A. Schechter (EVP, GC & Chief Compl. Officer) purchased 692 shares at 144.52 per share price.On Nov 3, 2016, Susan R Salka (director) purchased 1,000 shares at 136.35 per share price.

McKesson Corporation Last issued its quarterly earnings results on Jan 25, 2017. The company reported $2.87 EPS for the quarter, missing the analyst consensus estimate by $ -0.04. Analyst had a consensus of $2.91. The company had revenue of $50130.00 million for the quarter, compared to analysts expectations of $50399.27 million. The companys revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.18 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.McKesson Corporation was Upgraded by Avondale to Mkt Outperform on Jan 18, 2017. McKesson Corporation was Downgraded by JP Morgan on Jan 5, 2017 to Neutral, Price Target of the shares are set at $169.McKesson Corporation was Downgraded by Mizuho on Jan 3, 2017 to Neutral, Price Target of the shares are set at $147.McKesson Corporation was Downgraded by Credit Suisse to Underperform on Nov 23, 2016. McKesson Corporation was Upgraded by Mizuho on Nov 9, 2016 to Buy, Price Target of the shares are set at $147.


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