Cardinal Health (CAH) : During the past 4 weeks, traders have been relatively bearish on Cardinal Health (CAH), hence the stock is down -1.91% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.22% relative to the S&P 500. The 4-week change in the price of the stock is -1.53% and the stock has fallen -2.25% in the past 1 week.
Cardinal Health, Inc. is up 6.2% in the last 3-month period. Year-to-Date the stock performance stands at -7.47%. The stock has recorded a 20-day Moving Average of 2.03% and the 50-Day Moving Average is 1.35%.
Cardinal Health (NYSE:CAH): The stock opened at $82.12 on Friday but the bulls could not build on the opening and the stock topped out at $82.36 for the day. The stock traded down to $81.56 during the day, due to lack of any buying support eventually closed down at $81.72 with a loss of -0.85% for the day. The stock had closed at $82.42 on the previous day. The total traded volume was 2,054,831 shares.
Also, Deutsche Bank maintains their rating on the shares of Cardinal Health (NYSE:CAH). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $89 per share from $83 per share. The rating by the firm was issued on August 4, 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 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.