Cardinal Health's CFO Moved $9.9 Million of Stock. Here's What Long-Term Investors Should Know
Alt divested part of his direct equity stake after the stock surged 57% over the past year, retaining 20,495 shares worth $4.82 million.
Overview
Aaron E. Alt, the chief financial officer of Cardinal Health, Inc. (NYSE:CAH), sold 42,000 shares of common stock on August 18, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($236.34); post-transaction value based on the August 18 market close ($234.98).
Details
Cardinal Health is one of the largest healthcare services and products companies globally, with TTM revenue of $254.2 billion. The company maintains a competitive position through its integrated distribution network, broad customer relationships, and diversified service offerings across pharmaceutical and medical segments. Cardinal Health's scale and operational infrastructure enable it to serve as a critical intermediary within the healthcare supply chain, supporting healthcare providers and patients across multiple geographies and care settings.
Source
Originally published at www.fool.com.