Should You Buy Cardinal Health Inc (CAH) Stock on Thursday?

Thursday, September 29, 2022 01:57 PM | InvestorsObserver Analysts

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The market has been high on Cardinal Health Inc (CAH) stock recently. CAH gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Cardinal Health Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CAH!
See Full CAH Report

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With CAH Stock Today?

Cardinal Health Inc (CAH) stock is trading at $67.51 as of 1:53 PM on Thursday, Sep 29, a loss of -$1.78, or -2.57% from the previous closing price of $69.29. The stock has traded between $67.51 and $69.35 so far today. Volume today is less active than usual. So far 1,615,695 shares have traded compared to average volume of 2,806,174 shares. To screen for more stocks like Cardinal Health Inc click here.

More About Cardinal Health Inc

Cardinal Health is a pharmaceutical wholesaler, engaged in the sourcing and distribution of branded, generic, and specialty pharmaceutical products to pharmacies (retail chains, independent, and mail-order), hospitals networks, and healthcare providers. Along with AmerisourceBergen and McKesson, the three compose 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. Click Here to get the full Stock Report for Cardinal Health Inc stock.

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