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Cardinal Health to Announce Third-Quarter Results for Fiscal Year 2024 on May 2
PRNewswire (Tue, 26-Mar 6:45 AM ET)
PRNewswire (Fri, 15-Mar 8:00 AM ET)
Cardinal Health annual research report examines milestone year in biosimilars
PRNewswire (Thu, 29-Feb 6:00 AM ET)
Bob Azelby to join Cardinal Health Board of Directors
PRNewswire (Wed, 28-Feb 4:15 PM ET)
Cardinal Health Board of Directors Approves Quarterly Dividend
PRNewswire (Tue, 6-Feb 4:35 PM ET)
Cardinal Health publishes Fiscal 2023 Environmental, Social and Governance (ESG) Report
PRNewswire (Tue, 6-Feb 7:30 AM ET)
Cardinal Health Reports Second Quarter Fiscal 2024 Results and Raises Fiscal 2024 Outlook
PRNewswire (Thu, 1-Feb 6:45 AM ET)
PRNewswire (Wed, 31-Jan 6:45 AM ET)
Cardinal Health Announces Progress on Business and Portfolio Review and Fiscal 2024 Outlook Update
PRNewswire (Tue, 9-Jan 6:45 AM ET)
Cardinal Health to Announce Second-Quarter Results for Fiscal Year 2024 on February 1
PRNewswire (Tue, 2-Jan 6:55 AM ET)
Cardinal Health is one of three leading pharmaceutical wholesalers in the U.S., engaged in sourcing and distributing of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail order), hospitals networks, and healthcare providers. Along with Cencora and McKesson, the three comprise well over 90% of the U.S. pharmaceutical wholesale industry. Cardinal Health also supplies medical-surgical products and equipment to healthcare facilities in North America, Europe, and Asia.
Cardinal Health trades on the NYSE stock market under the symbol CAH.
As of March 28, 2024, CAH stock price declined to $111.59 with 341,955 million shares trading.
CAH has a beta of 0.70, meaning it tends to be less sensitive to market movements. CAH has a correlation of 0.15 to the broad based SPY ETF.
CAH has a market cap of $27.49 billion. This is considered a Large Cap stock.
Last quarter Cardinal Health reported $57 billion in Revenue and $1.82 earnings per share. This beat revenue expectation by $435 million and exceeded earnings estimates by $.22.
In the last 3 years, CAH stock traded as high as $116.04 and as low as $45.85.
The top ETF exchange traded funds that CAH belongs to (by Net Assets): VTI, VOO, VO, COWZ, SPY.
CAH has outperformed the market in the last year with a return of +59.4%, while the SPY ETF gained +33.7%. In the last 3 month period, CAH beat the market returning +11.0%, while SPY returned +10.2%. However, in the most recent 2 weeks CAH has underperformed the stock market by returning +0.5%, while SPY returned +1.8%.
CAH support price is $110.37 and resistance is $113.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CAH stock will trade within this expected range on the day.