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Trade the Earnings: McKesson Corporation

Taking a look back at MCK's historical post-earnings performance

by 10/25/2011 1:45:27 PM
Stocks quoted in this article:

Posted by MidnightTrader.com

McKesson Corporation (MCK) is due to issue its second-quarter earnings report after the close today. MidnightTrader.com tracks how stocks react to earnings events in the after-hours and looks for patterns that develop where stocks may add to their after-hours movement or reverse direction in the following regular session. The "effective close" is defined as the extended-hours session closing price change relative to the prior regular session 4 p.m. EST close following an earnings release.

Midnight Trader

    Four Quarters, Average Volume

  • Extended-Hours Session Average Dollar Volume (last four quarters) = $15,608,304
  • Last 12 Quarters, Positive and Negative Price Reactions

  • Same: 37.5% of the time (three out of eight times) this stock followed-through in the same direction by the close of the next day's regular session compared to the extended hours "effective close". When it followed-through, the price closed further in the same direction on average by 2.5% (in three events) from the "effective close".
  • Reverse: 50.0% of the time (four out of eight times) this stock reversed in the opposite direction by the close of the next day's regular session compared to the extended hours "effective close". When it reversed, the price closed in the opposite direction on average by 2.4% (in four events) from the "effective close".
  • Last 12 Quarters, Positive Only Price Reactions

  • Same: 42.9% of the time (three out of seven times) this stock followed-through in the same direction by the close of the next day's regular session compared to the extended hours "effective close". When it followed-through, the price closed further in the same direction on average by 2.5% (in three events) from the "effective close".
  • Reverse: 57.1% of the time (four out of seven times) this stock reversed in the opposite direction by the close of the next day's regular session compared to the extended hours "effective close". When it reversed, the price closed in the opposite direction on average by 2.3% (in four events) from the "effective close".
  • Last 12 Quarters, Negative Only Price Reactions

  • Same: 0.0% of the time (zero out of one time) this stock followed-through in the same direction by the close of the next day's regular session compared to the extended hours "effective close". When it followed-through, the price closed further in the same direction on average by 0.0% (in zero events) from the "effective close".
  • Reverse: 100.0% of the time (one out of one time) this stock reversed in the opposite direction by the close of the next day's regular session compared to the extended hours "effective close". When it reversed, the price closed in the opposite direction on average by 0.4% (in one event) from the "effective close".
  • Last Four Quarters, Positive and Negative Price Reactions

  • Same: 50.0% of the time (one out of two times) this stock followed-through in the same direction by the close of the next day's regular session compared to the extended hours "effective close". When it followed-through, the price closed further in the same direction on average by 0.4% (in one event) from the "effective close".
  • Reverse: 50.0% of the time (one out of two times) this stock reversed in the opposite direction by the close of the next day's regular session compared to the extended hours "effective close". When it reversed, the price closed in the opposite direction on average by 2.0% (in one event) from the "effective close".
  • Last Four Quarters, Positive Only Price Reactions

  • Same: 50.0% of the time (one out of two times) this stock followed-through in the same direction by the close of the next day's regular session compared to the extended hours "effective close". When it followed-through, the price closed further in the same direction on average by 0.4% (in one event) from the "effective close".
  • Reverse: 50.0% of the time (one out of two times) this stock reversed in the opposite direction by the close of the next day's regular session compared to the extended hours "effective close". When it reversed, the price closed in the opposite direction on average by 2.0% (in one event) from the "effective close".
  • Last Four Quarters, Negative Only Price Reactions

  • Same: There is no data for this stock in this direction.
  • Reverse: There is no data for this stock in this direction.

Disclaimer: The views represented herein are those of the individual authors only, and do not necessarily represent the views of Schaeffer's Investment Research.

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