Cardinal Health (CAH) : During the past 4 weeks, traders have been relatively bearish on Cardinal Health (CAH), hence the stock is down -3.83% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.82% relative to the S&P 500. The 4-week change in the price of the stock is -5.78% and the stock has fallen -2.3% in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.64% and the 50-Day Moving Average is 5.78%.The 200 Day SMA reached 5.04% Cardinal Health, Inc. is up 2.58% in the last 3-month period. Year-to-Date the stock performance stands at -12.82%.
Cardinal Health (CAH) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $111 and the lowest price target forecast is $89. The average forecast of all the analysts is $95.7 and the expected standard deviation is $6.82.
For the current week, the company shares have a recommendation consensus of Buy. Cardinal Health (NYSE:CAH): The stock opened at $76.12 and touched an intraday high of $77.05 on Friday. During the day, the stock corrected to an intraday low of $75.53, however, the bulls stepped in and pushed the price higher to close in the green at $77 with a gain of 0.52% for the day. The total traded volume for the day was 5,941,745. The stock had closed at $76.6 in the previous trading session.
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.