McKesson Unusual Options Activity For November 01
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on McKesson (NYSE:MCK) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 20% bullish and 80% bearish. The whales have been targeting a price range from $445.0 to $480.0 for McKesson over the last 3 months. The current price of MCK is up 1.34% at $461.45. Argus Research maintains their Buy rating on McKesson with a price target of $480.
November 01, 2023 | 6:31 pm
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A large investor has taken a bearish stance on McKesson, with 80% of big-money traders also bearish. The targeted price range is $445-$480. The current price is $461.45, up 1.34%. Argus Research maintains a Buy rating with a price target of $480.
The bearish stance taken by a large investor and the 80% bearish sentiment among big-money traders could potentially drive the stock price down in the short term. However, Argus Research's maintained Buy rating and the current upward trend in price may counteract this bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100