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 $1.17 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.
Jefferies upgraded its Cardinal Health, Inc [CAH] rating to a Buy from a a Hold in a research note published on February 05, 2025; the price target was increased to $150 from $140. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Evercore ISI also remained covering CAH and has increased its forecast on January 07, 2025 with a “an Outperform” recommendation from previously “an In-line” rating. BofA Securities revised its rating on January 06, 2025. It rated CAH as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CAH
On Tuesday, Cardinal Health, Inc [NYSE:CAH] saw its stock jump 1.92% to $133.69. Over the last five days, the stock has lost -0.81%. Cardinal Health, Inc shares have risen nearly 13.04% since the year began. Nevertheless, the stocks have risen 26.12% over the past one year. While a 52-week high of $139.50 was reached on 04/03/25, a 52-week low of $93.17 was recorded on 01/02/25. SMA at 50 days reached $130.10, while 200 days put it at $117.54.
Levels Of Support And Resistance For CAH Stock
The 24-hour chart illustrates a support level at 131.43, which if violated will result in even more drops to 129.17. On the upside, there is a resistance level at 135.04. A further resistance level may holdings at 136.40. The Relative Strength Index (RSI) on the 14-day chart is 53.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.94%. Stochastics %K at 66.40% 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 2025-03-31, dropping by -1.76 million shares to a total of 4.71 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 6.46 million shares. There was a decline of -37.33%, which implies that there is a negative sentiment for the stock.
