Cardinal Health, Inc’s recent filing unveils that its Chief Legal/Compliance Officer Mayer Jessica L unloaded Company’s shares for reported $1.81 million on Aug 21 ’24. In the deal valued at $109.39 per share,16,573 shares were sold. As a result of this transaction, Mayer Jessica L now holds 75,971 shares worth roughly $9.16 million.
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Then, Mayer Jessica L bought 16,573 shares, generating $1,812,898 in total proceeds.
Before that, Mayer Jessica L sold 17,896 shares. Cardinal Health, Inc shares valued at $1,905,566 were divested by the Chief Legal/Compliance Officer at a price of $106.48 per share. As a result of the transaction, Mayer Jessica L now holds 94,529 shares, worth roughly $11.4 million.
Leerink Partners initiated its Cardinal Health, Inc [CAH] rating to an Outperform in a research note published on February 26, 2024; the price target was $125. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Barclays began covering CAH with “an Overweight” recommendation on January 03, 2024. Wells Fargo started covering the stock on December 14, 2023. It rated CAH as “an Underweight”.
Price Performance Review of CAH
On Friday, Cardinal Health, Inc [NYSE:CAH] saw its stock jump 1.98% to $120.56. Over the last five days, the stock has gained 3.81%. Cardinal Health, Inc shares have risen nearly 19.60% since the year began. Nevertheless, the stocks have risen 17.88% over the past one year. While a 52-week high of $119.58 was reached on 11/08/24, a 52-week low of $93.17 was recorded on 07/15/24. SMA at 50 days reached $112.23, while 200 days put it at $105.84.
Levels Of Support And Resistance For CAH Stock
The 24-hour chart illustrates a support level at 118.32, which if violated will result in even more drops to 116.09. On the upside, there is a resistance level at 122.29. A further resistance level may holdings at 124.03. The Relative Strength Index (RSI) on the 14-day chart is 68.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.31%. Stochastics %K at 83.90% indicates the stock is a selling.
How much short interest is there in Cardinal Health, Inc?
A steep rise in short interest was recorded in Cardinal Health, Inc stocks on 2024-10-15, dropping by -0.88 million shares to a total of 7.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.35 million shares. There was a decline of -11.82%, which implies that there is a negative sentiment for the stock.
