Shares of Cardinal Health (NYSE:CAH) Sees Large Outflow of Money

Cardinal Health (NYSE:CAH) managed to eke out gains of 0.54% in intraday trade. The share price increased by 0.41 points to $76.89. Till last observation, the net money flow was recorded at a negative $(-8.57) million. The total inflow of $25.75 million in upticks was completely overshadowed by an outflow of $34.32 million in downticks, giving the up/down ratio a value of 0.75. The shares have seen a change of 1.83% in the past week.A block trade occurred in the company shares in which the composite value of the upticks was $1.26 million and the composite value in downticks was $14.02 million. The resultant up/down ratio for the block exchange was 0.09. The block trade had a negative money flow of $(-12.76) million.


The stock has recorded a 20-day Moving Average of 1.61% and the 50-Day Moving Average is 3.72%. The company shares have dropped 14.29% in the past 52 Weeks. On December 29, 2015 The shares registered one year high of $91.23 and one year low was seen on February 8, 2016 at $74.73. The 50-day moving average is $77.97 and the 200 day moving average is recorded at $81.84. S&P 500 has rallied 1.93% during the last 52-weeks.

Cardinal Health (NYSE:CAH): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $76.82 and $76.31 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $77.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $76.89, notching a gain of 0.54% for the day. The total traded volume was 1,855,021 . The stock had closed at $76.48 on the previous day.

Currently the company Insiders own 0.97% of Cardinal Health shares according to the proxy statements. Institutional Investors own 86.35% of Cardinal Health shares. On the companys insider trading activities,The officer (Chief HR Officer) of Cardinal Health Inc, Watkins Carole S sold 84,617 shares at $77.33 on May 20, 2016. The Insider selling transaction had a total value worth of $6,543,433. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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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