Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cardinal Health, Inc shares valued at $432,919 were sold by Scherer Mary C. on Nov 14 ’24. At $123.55 per share, Scherer Mary C. sold 3,504 shares. The insider’s holdings dropped to 8,752 shares worth approximately $1.05 million following the completion of this transaction.
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Also, Mayer Jessica L sold 16,573 shares, netting a total of over 1,812,920 in proceeds. Following the sale of shares at $109.39 each, the insider now holds 75,971 shares.
Before that, Mayer Jessica L had added 16,573 shares to its account. In a trade valued at $1,812,898, the Officer bought Cardinal Health, Inc shares for $109.39 each.
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 -3.98%. Over the course of the year, Cardinal Health, Inc shares have jumped approximately 19.38%. Shares of the company reached a 52-week high of $126.14 on 11/13/24 and a 52-week low of $93.17 on 07/15/24. A 50-day SMA is recorded $113.50, while a 200-day SMA reached $106.46. Nevertheless, trading volume fell to 2.02 million shares from 2.61 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 118.78, which, if violated, would cause prices to drop to 117.21. In the upper region, resistance lies at 121.16. The next price resistance is at 121.97. RSI (Relative Strength Index) is 58.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 37.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
