McKesson Corporation (NYSE:MCK) traded today at a new 52-week high of $229.13. This new high was reached on below average trading volume as 186,000 shares traded hands, while the average 30-day volume is approximately 865,000 shares.
In the past 52 weeks, McKesson Corporation share prices are bracketed by a low of $169.20 and a high of $229.13 and is now at $227.50, 34% above that low price.
McKesson is a leading wholesaler of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with AmerisourceBergen and Cardinal Health, the three account for well over 90% of the U.S. pharmaceutical wholesale industry. Outside the U.S. market, McKesson engages in pharmaceutical wholesale and distribution in Europe and Canada. Additionally, the company supplies medical-surgical products and equipment to healthcare facilities and provides a variety of technology solutions for pharmacies.
Based on a current price of $227.50, McKesson Corporation is currently 5.3% above its average consensus analyst price target of $215.55.
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