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Updated · MarketWatch · May 7McKesson stock rallies and ends six-day losing streak
7 articles · Updated · MarketWatch · May 7
- Shares rose 1.49% to $754.76 on Thursday as the S&P 500 fell 0.38% and the Dow dropped 0.63%.
- McKesson outperformed Amazon, which fell 1.39%, while UnitedHealth gained 0.67% and CVS added 0.58%.
- Trading volume reached 1.9 million, above its 50-day average, though the stock remains 24.45% below its $999 52-week high hit on 3 March.
With a revenue miss despite its rally, can McKesson's new CFO close the 24% gap to its 52-week high? With regulators circling its top rival, could McKesson's market dominance place it next in the government's antitrust crosshairs? As a $200B 'patent cliff' looms, is McKesson's strategy ready to capture the massive market shift to generic drugs?