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Barchart
Barchart
Jim Van Meerten

This Stock Rallied to a New Record High Ahead of Today’s Earnings Report

McKesson Barchart
  • McKesson (MCK) edged to a new record high on Wednesday, taking out its previous record high posted about a month ago on April 4.
  • McKesson rallied going into today’s after-market earnings report, raising the bar for earnings performance.
  • With today’s report, there is the likelihood of volatility. The options market is discounting a move as large as 5% in either direction.
  • Over the past month, six analysts have raised their price targets, none have reduced their price targets, and 11 have left their price targets unchanged.

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