In a filing, Cardinal Health, Inc revealed its Chief Accounting Officer Scherer Mary C. unloaded Company’s shares for reported $0.43 million on Nov 14 ’24. In the deal valued at $123.55 per share,3,504 shares were sold. As a result of this transaction, Scherer Mary C. now holds 8,752 shares worth roughly $1.06 million.
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Then, Mayer Jessica L sold 16,573 shares, generating $1,812,920 in total proceeds. Upon selling the shares at $109.39, the Chief Legal/Compliance Officer now owns 75,971 shares.
Before that, Mayer Jessica L bought 16,573 shares. Cardinal Health, Inc shares valued at $1,812,898 were divested by the Officer at a price of $109.39 per share.
A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”an Outperform”‘ rating. Argus also remained covering CAH and has increased its forecast on February 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Barclays started covering the stock on January 03, 2024. It rated CAH as “an Overweight”.
Price Performance Review of CAH
On Monday, Cardinal Health, Inc [NYSE:CAH] saw its stock fall -0.96% to $121.58. Over the last five days, the stock has lost -0.73%. Cardinal Health, Inc shares have risen nearly 20.62% since the year began. Nevertheless, the stocks have risen 14.29% over the past one year. While a 52-week high of $126.23 was reached on 12/04/24, a 52-week low of $93.17 was recorded on 07/15/24. SMA at 50 days reached $116.27, while 200 days put it at $107.52.
Levels Of Support And Resistance For CAH Stock
The 24-hour chart illustrates a support level at 119.66, which if violated will result in even more drops to 117.74. On the upside, there is a resistance level at 123.57. A further resistance level may holdings at 125.56. The Relative Strength Index (RSI) on the 14-day chart is 54.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.71%. Stochastics %K at 53.21% indicates the stock is a holding.
How much short interest is there in Cardinal Health, Inc?
A steep rise in short interest was recorded in Cardinal Health, Inc stocks on 2024-11-15, dropping by -1.49 million shares to a total of 5.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 7.47 million shares. There was a decline of -24.89%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 14, 2023 when Wells Fargo began covering the stock and recommended ‘”an Underweight”‘ rating along with a $96 price target.
