Shares of Cardinal Health (CAH) Rally 2.46%

Cardinal Health (CAH) : Traders are bullish on Cardinal Health (CAH) as it has outperformed the S&P 500 by a wide margin of 4.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.95%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.46% in the last 1 week, and is up 9.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 5.55% and the 50-Day Moving Average is 5.91%.

Cardinal Health (NYSE:CAH): The stock opened at $83.02 on Friday but the bulls could not build on the opening and the stock topped out at $83.28 for the day. The stock traded down to $82.12 during the day, due to lack of any buying support eventually closed down at $82.36 with a loss of -0.74% for the day. The stock had closed at $82.97 on the previous day. The total traded volume was 2,379,672 shares.


The company Insiders own 0.97% of Cardinal Health shares according to the proxy statements. Institutional Investors own 86.34% of Cardinal Health shares. In a related news, The Securities and Exchange Commission has divulged that Watkins Carole S, officer (Chief HR Officer) of Cardinal Health Inc, had unloaded 84,617 shares at an average price of $77.33 in a transaction dated on May 20, 2016. The total value of the transaction was worth $6,543,433.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.