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McKesson Corporation (NYSE:MCK) traded today at a new 52-week high of $345.99. This new high was reached on below average trading volume as 159,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
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.
In the past 52 weeks, shares of McKesson Corporation have traded between a low of $192.38 and a high of $345.99 and is now at $343.14, which is 78% above that low price.
McKesson Corporation (NYSE:MCK) is currently priced 0.4% above its average consensus analyst price target of $341.77.
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