McKesson EVP CIO and CTO Fraga sells $716,924 in company stock

Francisco Fraga, who serves as Executive Vice President, Chief Information Officer, and Chief Technology Officer at McKesson Corp (NASDAQ:MCK), recently sold 650 shares of the company's common stock, totaling $716,924. The transaction took place on November 5, 2026, at a price of $1,102.96 per share. Currently, Mr. Fraga retains 4,414.496 shares of McKesson common stock. The insider sale was executed under a plan adopted on March 10, 2026, in accordance with Rule 10b5-1(c).

This sale comes at a time when McKesson shares are trading close to their 52-week high of $1,121.50, with the stock delivering a 31% return year-to-date. InvestingPro analysis indicates that the stock remains undervalued compared to its Fair Value, earning a spot on the platform's Most Undervalued list. Investors can delve deeper into McKesson's financials by accessing the company's Pro Research Report, one of 1,400+ reports available on InvestingPro, which converts intricate Wall Street data into actionable intelligence.

In related news, McKesson reported stronger-than-anticipated financial results for its fiscal second-quarter 2027, surpassing analyst expectations. The company announced adjusted earnings of $11.68 per share, exceeding the projected $10.71 per share. Revenue for the quarter also exceeded forecasts, amounting to $110.96 billion against the forecasted $109.86 billion.

The positive results have prompted McKesson to raise its full-year profit outlook. Adjusted earnings per share increased by 18% from the previous year, attributable to higher volumes, specialty growth, and a reduced share count. Despite these favorable developments, McKesson's stock saw a decline in after-hours trading.

These updates encapsulate the latest developments at McKesson Corp. This report was generated with the assistance of AI and reviewed by an editor for accuracy. For additional information, please refer to the Terms and Conditions.