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 $1.02 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.
Wells Fargo upgraded its Cardinal Health, Inc [CAH] rating to an Equal weight from a an Underweight in a research note published on December 13, 2024; the price target was increased to $127 from $101. Leerink Partners began covering CAH with “an Outperform” recommendation on February 26, 2024. Argus revised its rating on February 09, 2024. It rated CAH as “a Buy” which previously was an “a Hold”.
Price Performance Review of CAH
On Monday, Cardinal Health, Inc [NYSE:CAH] saw its stock fall -1.31% to $116.55. Over the last five days, the stock has lost -4.14%. Cardinal Health, Inc shares have risen nearly 15.62% since the year began. Nevertheless, the stocks have risen 13.50% 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 $117.00, while 200 days put it at $107.69.
Levels Of Support And Resistance For CAH Stock
The 24-hour chart illustrates a support level at 115.62, which if violated will result in even more drops to 114.69. On the upside, there is a resistance level at 118.13. A further resistance level may holdings at 119.71. The Relative Strength Index (RSI) on the 14-day chart is 41.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.19%. Stochastics %K at 8.24% indicates the stock is a buying.
How much short interest is there in Cardinal Health, Inc?
A steep rise in short interest was recorded in Cardinal Health, Inc stocks on 2024-11-29, dropping by -0.72 million shares to a total of 4.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.5 million shares. There was a decline of -15.06%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 03, 2024 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $117 price target.
