Shares of Cardinal Health (CAH) Sees Large Inflow of Net Money Flow

Cardinal Health (CAH) : Cardinal Health (CAH) had a healthy money flow of $1.64 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $8.66 million, whereas, investors only sold shares worth $7.02 million on downticks. The stock closed the day with an up-down ratio of 1.23.The money flow in the block trades to the tune of $1.23 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $1.23 million worth of transactions were on upticks. Cardinal Health (CAH) stock slid $0.02 intraday and traded at 79.68, a change of -0.03% over previous days close. However, for the week, the company shares are 0.42% compared to previous weeks close.


The company Insiders own 0.97% of Cardinal Health shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.13% . Institutional Investors own 86.77% of Cardinal Health shares. During last six month period, the net percent change held by insiders has seen a change of -15.13%.

In a related news, The Securities and Exchange Commission has divulged that Laws Stuart G, officer (SVP & Chief Accounting Officer) of Cardinal Health Inc, had unloaded 9,703 shares at an average price of $82.45 in a transaction dated on August 18, 2016. The total value of the transaction was worth $800,012.

Cardinal Health (NYSE:CAH): The stock opened at $80.1 and touched an intraday high of $80.14 on Friday. During the day, the stock corrected to an intraday low of $79.53, however, the bulls stepped in and pushed the price higher to close in the green at $79.73 with a gain of 0.04% for the day. The total traded volume for the day was 1,309,972. The stock had closed at $79.7 in the previous trading session.

Cardinal Health (CAH) : During the past 4 weeks, traders have been relatively bearish on Cardinal Health (CAH), hence the stock is down -5.36% 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 -0.03% relative to the S&P 500. The stock has risen by 0.48% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.49% in the past 4 weeks.

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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