Cardinal Health Inc (CAH) Files Form 4 Insider Selling : Carole S Watkins Sells 84,617 Shares

Cardinal Health Inc (CAH): Carole S Watkins , Chief HR Officer of Cardinal Health Inc sold 84,617 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 23, 2016 to the Securities and Exchange Commission. The shares were sold at $77.33 per share for a total value of $6,543,432.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 12, 2015, George S Barrett (Chairman and CEO) sold 54,658 shares at $87.73 per share price.On Nov 9, 2015, Falk T Stephen (EVP, Gen. Counsel & Corp. Sec.) sold 30,085 shares at $87.66 per share price.Also, On Aug 7, 2015, David J Anderson (director) purchased 1,400 shares at $86.41 per share price.On May 12, 2015, Patricia Morrison (Chief Information Officer) sold 36,042 shares at $86.22 per share price.

Cardinal Health Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Cardinal Health Inc which led to swings in the share price. The shares opened for trading at $77.82 and hit $77.87 on the upside , eventually ending the session at $77.41, with a gain of 0.10% or 0.08 points. The heightened volatility saw the trading volume jump to 27,07,516 shares. The 52-week high of the share price is $91.225 and the company has a market cap of $25,221 M . The 52-week low of the share price is at $74.73.

Cardinal Health Inc Money Flow Index Chart

On May 4, 2016, Cardinal Health Inc announced a cash dividend of $0.4489. The company’s management has announced Jun 29, 2016 as the ex-dividend date and fixed the record date on Jul 1, 2016. The payable date has been fixed on Jul 15, 2016.

Company has been under the radar of several Street Analysts.Cardinal Health Inc is Initiated by Avondale to Mkt Outperform and the brokerage firm has set the Price Target at $111. The Rating was issued on Apr 19, 2016.Cardinal Health Inc is Initiated by Credit Suisse to Outperform. The Rating was issued on Mar 16, 2016.

Cardinal Health Inc. is a healthcare services and products company. The Company operates in two segments: Pharmaceutical and Medical. The Company also provides medical products to patients in the home. In the United States the Company’s Pharmaceutical segment distributes branded and generic pharmaceutical over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers hospitals and other healthcare providers. In China the Pharmaceutical segment distributes branded generic and specialty pharmaceutical over-the-counter healthcare and consumer products provides logistics marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. The Medical segment distributes a range of medical surgical and laboratory products and provides services to hospitals ambulatory surgery centers clinical laboratories and other healthcare providers.

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Cardinal Health Inc - Is it time to Sell?

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