The CIO of Cardinal Health Parted With 11,650 Shares. Here's Whether It Matters for Long-Term Investors
Michelle Greene reduced her direct equity stake following strong stock appreciation, retaining 10,330 shares worth $2.43 million.
Overview
Michelle D. Greene, chief information officer of Cardinal Health, Inc. (NYSE:CAH), sold 11,650 shares of common stock on August 18, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($235.72); 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.