Cardinal Health, Inc’s recent filing unveils that 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 $1.12 million.
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.
TD Cowen upgraded its Cardinal Health, Inc [CAH] rating to a Buy from a a Hold in a research note published on January 08, 2025; the price target was increased to $144 from $130. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early January from “an In-line” to “an Outperform”. BofA Securities also remained covering CAH and has increased its forecast on January 06, 2025 with a “Buy” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on December 13, 2024. It rated CAH as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of CAH
On Tuesday, Cardinal Health, Inc [NYSE:CAH] saw its stock jump 1.24% to $127.83. Over the last five days, the stock has gained 5.77%. Cardinal Health, Inc shares have risen nearly 8.08% since the year began. Nevertheless, the stocks have risen 20.15% over the past one year. While a 52-week high of $127.27 was reached on 01/21/25, a 52-week low of $93.17 was recorded on 01/02/25. SMA at 50 days reached $120.76, while 200 days put it at $108.61.
Levels Of Support And Resistance For CAH Stock
The 24-hour chart illustrates a support level at 126.93, which if violated will result in even more drops to 126.03. On the upside, there is a resistance level at 128.31. A further resistance level may holdings at 128.79. The Relative Strength Index (RSI) on the 14-day chart is 70.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.58%. Stochastics %K at 92.96% 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 2024-12-31, dropping by -0.56 million shares to a total of 4.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.78 million shares. There was a decline of -13.18%, which implies that there is a negative sentiment for the stock.
