McKesson Corporation stock performance trend indicates that the stock price has rallied 4.78% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -11.29% . Looking at the past 52 week period, the stock price is down -6.56% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of McKesson Corporation has a negative value of -17.08 compared to overall market performance.McKesson Corporation is having a Relative Strength Index of 48.71 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of McKesson Corporation (NYSE:MCK) rallied by 0.18% during the past week but lost 1.54% on a 4-week basis. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.06%. McKesson Corporation (NYSE:MCK) has underperformed the index by 2.67% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Company shares have received an average consensus rating of Hold for the current week McKesson Corporation (NYSE:MCK) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.9 points or 0.6% at $147.93 with 1,907,017 shares getting traded. Post opening the session at $149.47, the shares hit an intraday low of $147.66 and an intraday high of $149.47 and the price was in this range throughout the day. The company has a market cap of $31,369 million and the number of outstanding shares has been calculated to be 212,052,500 shares. The 52-week high of McKesson Corporation (NYSE:MCK) is $199.43 and the 52-week low is $114.53.
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.
Company has reported several Insider transactions to the SEC, on Mar 3, 2017, John H Hammergren (Chairman, President & CEO) sold 100,500 shares at 150.48 per share price.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.
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.