Shares of McKesson Corporation (NYSE:MCK) Sees Large Outflow of Money

McKesson Corporation (NYSE:MCK) : The total money flow in McKesson Corporation (NYSE:MCK) was negative ($9.57 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $85.05 million. In comparison, the inflow of money into the stock on upticks was $75.48 million. The uptick to downtick ratio was 0.89. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $16.7 million. The value of transactions on uptick was $10.35 million. The negative money flow of ($6.35 million) confirms the selling in McKesson Corporation (NYSE:MCK) on strength. The uptick to downtick ratio of block trades was 0.62. McKesson Corporation (NYSE:MCK) gained $6.76 at $183.34, a gain of 3.83% over the previous days close. However, the stock registered 3.54% in the week.


In an insider trading activity,The director officer (Chairman, President & CEO) of Mckesson Corp, Hammergren John H sold 37,420 shares at $182.87 on May 24, 2016. The Insider selling transaction had a total value worth of $6,842,995. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 1.15% 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 87.63% of McKesson Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -88.72%.

The company shares have dropped -21.79% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $236.86 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $179.88 and the 200 Day Moving Average price is recorded at $170.99. McKesson Corporation (NYSE:MCK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $179.94 and $178.35 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $184.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $183.34, notching a gain of 3.83% for the day. The total traded volume was 1,723,684 . The stock had closed at $176.58 on the previous day.

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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