McKesson Corporation (MCK) Rises 1.03% for December 02

Equities Staff  |

Among the biggest risers on the S&P 500 on Wednesday December 02 was McKesson Corporation ($MCK), popping some 1.03% to a price of $180.85 a share with some 925,951 shares trading hands.

Starting the day trading at $178.81, McKesson Corporation reached an intraday high of $181.92 and hit intraday lows of $178.58. Shares gained $1.85 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 160.56 million share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $112.60 to $187.67.

McKesson 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 has its corporate headquarters located in Irving, TX and employs 80,000 people. Its market cap has now risen to $29.04 billion after today’s trading, its P/E ratio is now n/a, its P/S n/a, P/B 4.93, and P/FCF n/a.

You can find a complete fundamental analysis of this stock at our For a complete fundamental analysis analysis of McKesson Corporation, check out Stock Valuation Analysis tool for MCK.

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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.

The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.

To get more information on McKesson Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: MCK’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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