- Insider Trading Activity: Recent insider trading activity has been mixed, with some bullish and bearish transactions3. However, the overall sentiment among big-money traders is split, with 55% bullish and 33% bearish3. This suggests that while some investors are cautious, others remain optimistic.
- Momentum and Earnings Estimates: McKesson has shown strong momentum, with a 7.1% increase over the past four weeks4. Furthermore, seven analysts have revised their earnings estimates higher for fiscal 2025 in the last 60 days4, which is a positive sign for future performance.
In conclusion, the combination of a "Strong Buy" consensus rating, a low price target that indicates potential upside, mixed but predominantly bullish insider trading activity, and positive momentum and earnings estimate revisions suggests that McKesson's stock may continue to perform well in the near term.