Shares of Cardinal Health (CAH) Sees Large Outflow of Money

Cardinal Health (CAH) : Net money flow in Cardinal Health (CAH) was negative ($9.89 million) and the inflow of money on uptick was $7.8 million, whereas, the outflow of money on downticks amounted to $17.68 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.44. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $10.51 million. The money flow in block trades was negative ($10.51). Cardinal Health (CAH) gained $0.14 cent during the day and reached $80.13, a gain of 0.18% over the previous day.


Cardinal Health (CAH) : 11 investment research analysts covering Cardinal Health (CAH) have an average price target of $93.18 for the near short term. The highest target price given by the Brokerage Firm to the stock is $111 and the lowest target is $83 for the short term. Analysts expect the variance to be within $8.65 of the average price. The stock has recorded a 20-day Moving Average of 3.16% and the 50-Day Moving Average is 2.21%.

Cardinal Health (NYSE:CAH): The stock opened at $79.08 on Thursday but the bulls could not build on the opening and the stock topped out at $80.18 for the day. The stock traded down to $78.68 during the day, due to lack of any buying support eventually closed down at $79.44 with a loss of -0.69% for the day. The stock had closed at $79.99 on the previous day. The total traded volume was 3,949,624 shares.

Cardinal Health, Inc. is a healthcare services and products company. The Company operates in two segments: Pharmaceutical and Medical. The Company also provides medical products to patients in the home. In the United States, the Companys Pharmaceutical segment distributes branded and generic pharmaceutical, over-the-counter healthcare and consumer products through its Pharmaceutical Distribution division to retailers, hospitals and other healthcare providers. In China, the Pharmaceutical segment distributes branded, generic and specialty pharmaceutical, over-the-counter healthcare and consumer products, provides logistics, marketing and other services and operates direct-to-patient specialty pharmacies through Cardinal Health China. The Medical segment distributes a range of medical, surgical and laboratory products and provides services to hospitals, ambulatory surgery centers, clinical laboratories and other healthcare providers.

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