McKesson Corporation (MCK) has seen a significant amount of
activity recently. Some market players like Norden Group LLC and Duality Advisers LP are showing
confidence in the company, purchasing new stakes of 549 and 2,473 shares respectively. On the other hand, entities like FDx Advisors Inc. have already established a strong presence with a $394,000 position. The company's
attractiveness amongst institutional investors becomes clear with 88% of shares held by them. This solidity backs up MCK's healthy position in the market, despite underperforming compared to competitors on certain days.
Revenue growth remains strong, while the earnings results have been mixed. There has also been an
update in the fiscal 2024 earnings, which have shown a blend of revenue growth, and adjusted EPS. Furthermore, McKesson's
stable outlook is a positive sign, attracting interest from investors. Even though their latest earnings report missed the mark and some stakeholders sold their shares, the trajectory is upwards as McKesson touches its 52-week high. Consequently, McKesson declared its quarterly dividends and raised its full-year guidance.
Mckesson Corporation MCK News Analytics from Mon, 16 Oct 2023 07:00:00 GMT to Sun, 14 Jul 2024 14:23:41 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -7
