McKesson (MCK) Reaches $144.03 Formed H&S; Delek US Holdings (DK) Sellers Increased By 2.4% Their Shorts

May 25, 2018 - By Darrin Black

McKesson Corporation (NYSE:MCK) Logo

McKesson Corporation (MCK) formed H&S with $135.39 target or 6.00% below today’s $144.03 share price. McKesson Corporation (MCK) has $29.72 billion valuation. The stock decreased 1.91% or $2.8 during the last trading session, reaching $144.03. About 3.54 million shares traded or 106.62% up from the average. McKesson Corporation (NYSE:MCK) has declined 6.57% since May 25, 2017 and is downtrending. It has underperformed by 18.12% the S&P500.

Delek US Holdings Inc (NYSE:DK) had an increase of 2.4% in short interest. DK’s SI was 7.69 million shares in May as released by FINRA. Its up 2.4% from 7.51 million shares previously. With 1.49M avg volume, 5 days are for Delek US Holdings Inc (NYSE:DK)’s short sellers to cover DK’s short positions. The SI to Delek US Holdings Inc’s float is 11.06%. The stock increased 3.59% or $1.84 during the last trading session, reaching $53.14. About 2.16 million shares traded or 18.46% up from the average. Delek US Holdings, Inc. (NYSE:DK) has risen 65.09% since May 25, 2017 and is uptrending. It has outperformed by 53.54% the S&P500.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.09, from 0.88 in 2017Q3. It dived, as 73 investors sold McKesson Corporation shares while 310 reduced holdings. 79 funds opened positions while 222 raised stakes. 177.79 million shares or 1.25% less from 180.04 million shares in 2017Q3 were reported. Catalyst Advisors Ltd Liability owns 1,500 shares or 0.01% of their US portfolio. Quantbot Technology L P holds 10,422 shares or 0.15% of its portfolio. Envestnet Asset has invested 0.01% in McKesson Corporation (NYSE:MCK). Thomas Story & Son Ltd accumulated 0.13% or 1,500 shares. Moreover, Point72 Asia (Hong Kong) Ltd has 0.16% invested in McKesson Corporation (NYSE:MCK) for 1,356 shares. Jacobs Levy Equity Mgmt Incorporated stated it has 0.49% in McKesson Corporation (NYSE:MCK). Ls Invest Advsrs reported 6,554 shares or 0.06% of all its holdings. Credit Suisse Ag holds 0.04% of its portfolio in McKesson Corporation (NYSE:MCK) for 288,398 shares. Parkside Finance National Bank And reported 102 shares or 0.01% of all its holdings. Daiwa Group Inc owns 29,486 shares. Asset Mngmt holds 0.02% of its portfolio in McKesson Corporation (NYSE:MCK) for 6,717 shares. Mycio Wealth Ptnrs Limited Liability Corp holds 4,454 shares. Cornerstone Advisors Inc owns 0.01% invested in McKesson Corporation (NYSE:MCK) for 74 shares. Peapack Gladstone Fincl has invested 0.05% of its portfolio in McKesson Corporation (NYSE:MCK). 90,884 are owned by Macquarie Gp Limited.

Since December 14, 2017, it had 0 insider purchases, and 2 insider sales for $10.61 million activity. Lampert Erin M sold $211,071 worth of stock. HAMMERGREN JOHN H sold $10.40M worth of stock or 65,000 shares.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 83 analyst reports since July 31, 2015 according to SRatingsIntel. On Wednesday, June 21 the stock rating was maintained by Jefferies with “Hold”. The rating was upgraded by Cowen & Co on Tuesday, October 10 to “Outperform”. The stock of McKesson Corporation (NYSE:MCK) has “Underperform” rating given on Wednesday, November 23 by Credit Suisse. The rating was maintained by Mizuho with “Hold” on Thursday, February 1. The firm earned “Buy” rating on Wednesday, April 11 by Bank of America. The rating was maintained by Needham on Tuesday, October 24 with “Buy”. JP Morgan upgraded the shares of MCK in report on Tuesday, May 23 to “Overweight” rating. S&P Research maintained the shares of MCK in report on Friday, July 31 with “Buy” rating. Barclays Capital maintained McKesson Corporation (NYSE:MCK) rating on Friday, April 28. Barclays Capital has “Overweight” rating and $174 target. The rating was maintained by FBR Capital with “Outperform” on Tuesday, January 12.

Among 20 analysts covering Delek US Holdings (NYSE:DK), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Delek US Holdings had 78 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Equal-Weight” rating by Barclays Capital on Friday, August 5. Cowen & Co maintained it with “Buy” rating and $30.0 target in Wednesday, August 16 report. RBC Capital Markets maintained Delek US Holdings, Inc. (NYSE:DK) rating on Wednesday, December 20. RBC Capital Markets has “Buy” rating and $40.0 target. The stock of Delek US Holdings, Inc. (NYSE:DK) earned “Neutral” rating by JP Morgan on Tuesday, July 11. The rating was maintained by Citigroup with “Buy” on Wednesday, February 28. The firm has “Buy” rating given on Thursday, September 7 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $19 target in Friday, August 5 report. On Monday, August 22 the stock rating was maintained by Piper Jaffray with “Neutral”. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, November 5. Wells Fargo downgraded the stock to “Market Perform” rating in Wednesday, September 21 report.

Another recent and important Delek US Holdings, Inc. (NYSE:DK) news was published by Globenewswire.com which published an article titled: “Delek US Holdings Reports First Quarter 2018 Results” on May 08, 2018.

McKesson Corporation (NYSE:MCK) Institutional Positions Chart

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