Large Inflow of Money Detected in Cardinal Health

Cardinal Health (CAH) : The money flow analysis of Cardinal Health (CAH) indicates a $9.95 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $16.1 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.62 and so was the total money flow at $6.14 million. A solid up-down ratio of 5.95 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $5.98 million worth of block trades on upticks. Only $1 million worth of the stock exchanged hands on downticks. The money flow was $4.97 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Cardinal Health (CAH), pushing it down by -0.06% for the day. The stock slid $0.05 and traded at $79.72 during the day. Nonetheless, the stock is 0.47% over the previous weeks close.


Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Cardinal Health (NYSE:CAH). Deutsche Bank has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $89 per share from a prior target of $83. The rating by the firm was issued on August 4, 2016.

Cardinal Health, Inc. has lost 2.8% in the last five trading days and dropped 3.26% in the last 4 weeks. Cardinal Health, Inc. is up 1.88% in the last 3-month period. Year-to-Date the stock performance stands at -9.74%.

Cardinal Health (NYSE:CAH): The stock opened at $79.75 on Tuesday but the bulls could not build on the opening and the stock topped out at $79.88 for the day. The stock traded down to $79.39 during the day, due to lack of any buying support eventually closed down at $79.72 with a loss of -0.06% for the day. The stock had closed at $79.77 on the previous day. The total traded volume was 858,310 shares.

In a related news, Giacomin Jon L, officer (CEO, Pharmaceutical Segment) of Cardinal Health Inc, unloaded 47,251 shares at an average price of $82.77 on August 16, 2016. The total amount of the transaction was worth $3,910,965, according to the disclosed information 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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