McKesson's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors have shown significant interest in McKesson (NYSE:MCK) options, with a mix of bullish and bearish trades. The stock is currently trading at $617.82, up by 1.33%, and is considered overbought. Analysts have given it a consensus target price of $674.67. The anticipated earnings release is in 7 days.
July 31, 2024 | 4:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Significant options activity in McKesson (NYSE:MCK) indicates mixed sentiment among big-money traders. The stock is currently trading at $617.82, up by 1.33%, and is considered overbought. Analysts have set a consensus target price of $674.67, with earnings expected in 7 days.
The significant options activity, combined with the stock's current overbought status and upcoming earnings release, suggests potential short-term volatility. Analysts' positive ratings and target prices indicate a bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100