Is Mckesson Corporation (NYSE: MCK) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Medical Distribution industry segment, falling under the Healthcare sector. The current market capitalization of Mckesson Corporation is $65.65B. A total of 0.83 million shares were traded on the day, compared to an average of 1.02M shares.

In the most recent transaction, TYLER BRIAN S. sold 3,753 shares of MCK for 561.10 per share on Sep 05 ’24. After the transaction, the Chief Executive Officer now owns 78,586 company shares. In a previous transaction on Sep 05 ’24, TYLER BRIAN S. bought 3,753 shares at 561.10 per share.

Among the insiders who sold shares, TYLER BRIAN S. disposed of 3,753 shares on Aug 05 ’24 at a per-share price of $626.03. This resulted in the Chief Executive Officer holding 82,339 shares of MCK after the transaction. In another insider transaction, TYLER BRIAN S. bought 3,753 shares at $626.03 per share on Aug 05 ’24.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Mckesson Corporation pays an annual dividend of $2.57, resulting in a dividend yield of 0.51%, and it has a price to earnings (P/E) ratio of 22.65. MCK’s most recent ex-dividend date was 8/30/2024 when it declared a $0.71 quarterly dividend that was paid in cash on 10/1/2024. Previously, the company paid the dividend on 7/1/2024 with an ex-dividend date of 6/3/2024. The MCK stock dividend was $0.62 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, MCK has a high of $637.51 and a low of $431.35.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. MCK’s latest balance sheet shows that the firm has $3.53B in Cash & Short Term Investments as of fiscal 2022. There were $7.54B in debt and $48.47B in liabilities at the time. Its Book Value Per Share was -$13.50, while its Total Shareholder’s Equity was -$1.79B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for MCK is Buy with a score of 4.31.

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