Large Inflow of Money Witnessed in McKesson Corporation

Shares of McKesson Corporation (NYSE:MCK) saw an erosion of -0.6 points in recent session. During the trading, the value of each share was $179.27, dropping -0.33%. The shares saw high fund-flow as the composite value of all the upticks was $35.26 million and the total value of all the downticks was a mere $28.54 million. The net money flow was seen at $6.72 million and the up/down ratio was measured at 1.24. On a weekly basis the shares of the shares have recorded a change of 0.84%.The block trade which occurred today had $7.28 million in upticks and $0 million in downticks with the up/down ratio climbing to 0. $7.28 million was the net money flow of the block transaction.


The stock has recorded a 20-day Moving Average of 2.07% and the 50-Day Moving Average is 1.64%. The company shares have dropped 23.64% in the past 52 Weeks. On July 16, 2015 The shares registered one year high of $236.86 and one year low was seen on February 9, 2016 at $148.29. The 50-day moving average is $178.29 and the 200 day moving average is recorded at $171.46. S&P 500 has rallied 1.93% during the last 52-weeks.

McKesson Corporation (NYSE:MCK): The stock opened at $180.89 on Tuesday but the bulls could not build on the opening and the stock topped out at $181.00 for the day. The stock traded down to $178.92 during the day, due to lack of any buying support eventually closed down at $179.27 with a loss of -0.33% for the day. The stock had closed at $179.87 on the previous day. The total traded volume was 732,962 shares.

Currently the company Insiders own 1.5% 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 -88.46% . Institutional Investors own 87.88% of McKesson Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -88.72%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chairman, President & CEO) of Mckesson Corp, Hammergren John H had sold 37,420 shares worth of $6,842,995 in a transaction dated May 24, 2016. In this transaction, 37,420 shares were sold at $182.87 per share.

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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