Large Inflow of Money Detected in McKesson Corporation

McKesson Corporation (MCK) : On Tuesday, The money flowed into the McKesson Corporation (MCK) stock with an uptick to downtick ratio was recorded at 1.4. Transactions worth $52.16 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $37.35 million. The total money flow into the stock was $14.8 million. The block trades reveal a bullish bias with an up-down ratio of 5.45. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $17.18 million of block transactions on upticks. The value of block trades on downticks was $3.16 million, indicating lower selling interest. The total money flow in block trades was $14.03 million. In terms of price action, McKesson Corporation (MCK) traded down $0.59 during the session at $183.03. Compared to the previous days closing, the stock was down only by -0.32%. For the week, the stock is 0.13%, over previous weeks closing.


Also, JP Morgan maintains their rating on the shares of McKesson Corporation (NYSE:MCK). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $221 per share from $210 per share. The rating by the firm was issued on August 9, 2016.

McKesson Corporation has lost 5.04% in the last five trading days and dropped 4.72% in the last 4 weeks. McKesson Corporation has dropped 0.81% during the last 3-month period . Year-to-Date the stock performance stands at -6.89%.

McKesson Corporation (NYSE:MCK): The stock opened at $183.49 on Tuesday but the bulls could not build on the opening and the stock topped out at $183.86 for the day. The stock traded down to $182.25 during the day, due to lack of any buying support eventually closed down at $183.03 with a loss of -0.32% for the day. The stock had closed at $183.62 on the previous day. The total traded volume was 1,081,316 shares.

In a related news, The Securities and Exchange Commission has divulged that Knowles Marie L/Ca, director of Mckesson Corp, had unloaded 915 shares at an average price of $192.73 in a transaction dated on August 1, 2016. The total value of the transaction was worth $176,348.

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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