Potential Catalyst For Gains In MetLife, Inc. (MET), McKesson Corporation (MCK)

The price of MetLife, Inc. (NYSE:MET) went up by $0.14 now trading at $44.84. Their shares witnessed a 18.75% increase from the 52-week low price of $37.76 they recorded on 2018-12-26. Even though it is still -9.1% behind the $48.92 high touched on 2018-09-21. The last few days have been good for the stock, as its price has grew by 1.17% during the week. It has also performed better over the past three months, as it added around 14.3% while it has so far retreated around -4.8% during the course of a year. The stock of MET recorded 9.21% uptrend from the beginning of this year till date. The 12-month potential price target for MetLife, Inc. is set at $50.5. This target means that the stock has an upside potential to increase by 12.62% from the current trading price.

When giving their opinion, around 63.16% of Wall Street analysts, which represents 12 out of 19 rated the stock as a Buy. 6 brokerage firms of the remaining 31.58% rated the stock as a Hold with 1 analyst rating it as a sell. Overall, the number of aggregate MET shares held by institutional investors represents 78.5% of total shares. 110 institutions entered new MetLife, Inc. (NYSE:MET) positions, 394 added to their existing positions in these shares, 591 lowered their positions, and 119 exited their positions entirely.

MetLife, Inc. (MET) trade volume has decreased by -41.52% as around 3,367,750 shares were sold when compared with its 50-day average volume of traded shares which is 5,758,674. At the moment, MET is witnessing a uptrend, as it is trading 0.06% above its 20-day SMA, 1.13% above its 50-day SMA, and 0.65% above its 200-day SMA. The company runs an ROE of roughly 9.3%, with financial analysts predicting that their earnings per share growth will be around 9.92% per annum for the next five year. This will be compared to the 11.1% increase witnessed over the past five years.

The first technical resistance point for MetLife, Inc. (NYSE:MET) will likely come at $44.95, marking a 0.24% premium to the current level. The second resistance point is at $45.06, about 0.49% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $44.42, the lower end of the range. MET’s 14-day MACD is -0.22 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 52.24, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 14.68 percent, which is low when compared to that of the 50-day’s 19.34 percent.

The shares of McKesson Corporation (NYSE:MCK) has increased by 0.21%, and now trading at $117.72 on the Wall Street in the intra-day deal, with their shares traded now around 1,061,125. This is a decline of -593,663 shares over the average 1,654,788 shares that were traded daily over the last three months. The stock that is trading at $117.72 went higher by 10.94% from its 52-week low of $106.11 that it attained back on 2018-12-24. The stock recorded a 52-week high of $160.84 nearly 319 days ago on 2018-04-30.

MCK stock hasn’t performed well over the past 30 days, as it lost -12.15% while its price climbed by 6.56% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 4.85% over the last week. The stock’s 12-month potential target price is now at $137.31. This means that the stock price might likely increase by 16.64% from its current trading price.6 out of 17 Wall Street analysts which represents 35.29% rated the stock as a buy while the remaining 58.82% rated it as a hold, with 5.88% of analysts rating it as a sell.

McKesson Corporation (NYSE:MCK) has been utilizing an ROE that is roughly -3.4%, with stock analysts predicting that the company’s EPS for the next five years will go up by 6.03% per year, following the -21.8% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -5.67% below its 20-day SMA, -5.34% below its 50-day SMA, and -8.74% below its 200-day SMA. In percentage terms, the aggregate McKesson Corporation shares held by institutional investors is 89.6%. 100 institutions jumped in to acquire McKesson Corporation (MCK) fresh stake, 339 added to their current holdings in these shares, 484 lowered their positions, and 94 left no stake in the company.

The stock’s 9-day MACD is 1.47 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 40.23, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 26.7 percent, which is more when compared to that of the 50-day’s 24.88 percent. On the daily chart, we see that the stock could reach the first level of resistance at $118.52, sporting a 0.67% premium to the current level. The next resistance point is at $119.32, representing nearly 1.34% premium to the current market price of McKesson Corporation (MCK). On the other hand, failure to breach the immediate hurdles can drag it down to $115.72, the lower end of the range.