Cardinal Health (CAH) : Traders are bullish on Cardinal Health (CAH) as it has outperformed the S&P 500 by a margin of 3.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.76% in the last 1 week, and is up 10.32% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cardinal Health (NYSE:CAH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $82.91 and $82.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $83.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.99, notching a gain of 0.46% for the day. The total traded volume was 1,253,285 . The stock had closed at $82.61 on the previous day.
The stock has recorded a 20-day Moving Average of 4.08% and the 50-Day Moving Average is 5.99%. Cardinal Health, Inc. has dropped 3.94% during the last 3-month period . Year-to-Date the stock performance stands at -6.03%.
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.