McKesson Corp (MCK) Stock: What Does the Chart Say Tuesday?

McKesson Corp (MCK) stock has gained 2.11% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

McKesson Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MCK!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With MCK Stock Today?

McKesson Corp (MCK) stock is trading at $462.54 as of 2:44 PM on Tuesday, Nov 28, an increase of $0.20, or 0.04% from the previous closing price of $462.34. Volume today is below average. So far 317,892 shares have traded compared to average volume of 755,128 shares. The stock has traded between $461.00 and $466.99 so far today. To screen for more stocks like McKesson Corp click here.

More About McKesson Corp

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. McKesson is currently divesting from its pharmaceutical wholesale and distribution in Europe and Canada in order to redeploy capital to strategic growth areas in the U.S. (oncology network and ecosystem, and biopharma services). Additionally, the company supplies medical-surgical products and equipment to healthcare facilities and provides a variety of technology solutions for pharmacies. Click Here to get the full Stock Report for McKesson Corp stock.