Mckesson Corporation (NYSE:MCK) shares, rose in value on Friday, January 03, with the stock price up by 1.98% to the previous day’s close as strong demand from buyers drove the stock to $577.44.
Actively observing the price movement in the last trading, the stock closed the session at $566.21, falling within a range of $568.2296 and $579.92. The value of beta (5-year monthly) was 0.436 whereas the PE ratio was 29.93 over 12-month period. Referring to stock’s 52-week performance, its high was $637.51, and the low was $464.42. On the whole, MCK has fluctuated by -6.56% over the past month.
With the market capitalization of Mckesson Corporation currently standing at about $73.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.66, with its dividend yield at 0.46%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MCK’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.17, with the price of MCK currently trading nearly -0.25% and -0.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.96, while the 7-day volatility ratio is showing 1.60% which for the 30-day chart, stands at 1.87%. Furthermore, Mckesson Corporation (MCK)’s beta value is 0.52, and its average true range (ATR) is 10.97.
A comparison of Mckesson Corporation (MCK) with its peers suggests the former has fared considerably weaker in the market. MCK showed an intraday change of 1.98% in last session, and over the past year, it grew by 20.21%%.
Data on historical trading for Mckesson Corporation (NYSE:MCK) indicates that the trading volumes over the past 10 days have averaged 0.71 and over the past 3 months, they’ve averaged 832.69K. According to company’s latest data on outstanding shares, there are 127.00 million shares outstanding.
Nearly 0.11% of Mckesson Corporation’s shares belong to company insiders and institutional investors own 88.17% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.04 million shares as on 2024-12-13, resulting in a short ratio of 2.77. According to the data, the short interest in Mckesson Corporation (MCK) stood at 161.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 2.09 million. The stock has risen by 1.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MCK stock heading into the next quarter.
