The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cardinal Health, Inc. shares valued at $1,812,920 were sold by Mayer Jessica L on Aug 21 ’24. At $109.39 per share, Mayer Jessica L sold 16,573 shares. The insider’s holdings dropped to 75,971 shares worth approximately $8.5 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Mayer Jessica L purchased 16,573 shares, netting a total of over 1,812,898 in proceeds.
Before that, Mayer Jessica L had sold 17,896 shares from its account. In a trade valued at $1,905,566, the Chief Legal/Compliance Officer traded Cardinal Health, Inc. shares for $106.48 each. Upon closing the transaction, the insider’s holdings decreased to 17,896 shares, worth approximately $10.58 million.
As published in their initiating research note from Leerink Partners on February 26, 2024, Cardinal Health, Inc. [CAH] has been an Outperform and the price target has been revised to $125. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of January 03, 2024, Barclays has initiated its “an Overweight” rating for CAH. Earlier on December 14, 2023, Wells Fargo initiated its rating. Their recommendation was “an Underweight” for CAH stock.
Analyzing CAH Stock Performance
During the last five days, there has been a drop of approximately -0.56%. Over the course of the year, Cardinal Health, Inc. shares have jumped approximately 11.03%. Shares of the company reached a 52-week high of $116.05 on 09/03/24 and a 52-week low of $93.17 on 07/15/24. A 50-day SMA is recorded $111.41, while a 200-day SMA reached $105.37. Nevertheless, trading volume fell to 0.99 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for Cardinal Health, Inc. (CAH)
According to the 24-hour chart, there is a support level at 111.26, which, if violated, would cause prices to drop to 110.59. In the upper region, resistance lies at 112.74. The next price resistance is at 113.56. RSI (Relative Strength Index) is 51.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 63.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
