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Positives for Cardinal Health, Inc. (CAH) as stock gains in recent trading

Cardinal Health, Inc. (NYSE: CAH) is -1.94% lower on its value in year-to-date trading and has touched a low of $83.78 and a high of $116.04 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CAH stock was last observed hovering at around $98.51 in the last trading session, with the day’s gains setting it 0.33%.

Currently trading at $98.84, the stock is 1.16% and -3.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.33% at the moment leaves the stock -2.20% off its SMA200. CAH registered 15.83% gain for a year compared to 6-month loss of -7.09%.

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The stock witnessed a 0.80% gain in the last 1 month and extending the period to 3 months gives it a -14.41%, and is -0.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.66% over the week and 1.75% over the month.

Cardinal Health, Inc. (CAH) has around 48000 employees, a market worth around $24.07B and $220.57B in sales. Current P/E ratio is 43.81 and Fwd P/E is 13.13. Profit margin for the company is 0.25%. Distance from 52-week low is 17.98% and -14.82% from its 52-week high. The company has generated returns on investments over the last 12 months (39.37%).

The EPS is expected to grow by 27.09% this year.

Cardinal Health, Inc. (CAH) Top Institutional Holders

The shares outstanding are 251.00M, and float is at 242.12M with Short Float at 3.32%.

Cardinal Health, Inc. (CAH) Insider Activity

The most recent transaction is an insider sale by WEITZMAN DEBORAH,the company’sCEO, Pharmaceutical Segment. SEC filings show that WEITZMAN DEBORAH sold 36,642 shares of the company’s common stock on Nov 27 ’23 at a price of $106.31 per share for a total of $3.9 million. Following the sale, the insider now owns 35202.0 shares.

Cardinal Health, Inc. disclosed in a document filed with the SEC on Aug 28 ’23 that WEITZMAN DEBORAH (CEO, Pharmaceutical Segment) sold a total of 6,712 shares of the company’s common stock. The trade occurred on Aug 28 ’23 and was made at $89.81 per share for $0.6 million. Following the transaction, the insider now directly holds 44202.0 shares of the CAH stock.

Still, SEC filings show that on Aug 18 ’23, Scherer Mary C. (Chief Accounting Officer) disposed off 20,695 shares at an average price of $86.27 for $1.79 million. The insider now directly holds 10,649 shares of Cardinal Health, Inc. (CAH).

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