Watch for Continued Gains in Shares of McKesson Corporation (MCK)

July 26, 2021 09:59:26

McKesson Corporation (NYSE:MCK) traded today at a new 52-week high of $205.36. So far today approximately 145,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

McKesson Corp is the largest leading third-party logistics providers. The company is engaged in wholesale pharmaceutical and medical products sourcing, distribution and dispensing, contract manufacturing, and related IT services to acute care hospitals and health systems, independent and chain retail pharmacies in North America, Europe, and Canada. Through acquisition and joint ventures McKesson also runs the fourth- largest pharmacy chain and provides technology and consulting services to manufacturers, pharmacies, physician offices, surgery centers, long-term care facilities, and home healthcare businesses.

McKesson Corporation (NYSE:MCK) has potential upside of 1.1% based on a current price of $201.80 and analysts’ consensus price target of $204.05.

In the past 52 weeks, shares of McKesson Corporation have traded between a low of $141.32 and a high of $205.36 and is now at $201.80, which is 43% above that low price.

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