Cardinal Health's CEO Moved 124,529 Shares in Two Days. Here's What Long-Term Investors Should Know
Hollar divested 125,000 shares across two trading sessions, reducing his direct holdings following a 58% one-year stock surge.
Overview
Chief Executive Officer Jason M. Hollar sold nearly 125,000 shares of Cardinal Health, Inc. (NYSE:CAH) for $29.4 million on August 18 and August 19, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($235.89); post-transaction value based on the August 19 market close ($234.85).
Details
Cardinal Health is one of the largest healthcare services and products companies globally, with a presence spanning multiple continents and serving over 58,700 employees. The company maintains a competitive advantage through its extensive distribution infrastructure, integrated service offerings, and deep relationships with healthcare providers across multiple care settings. With TTM revenue of $254.2 billion and a market capitalization of $55.0 billion, Cardinal Health represents a critical intermediary in the global healthcare supply chain.
Source
Originally published at www.fool.com.