This Is What Whales Are Betting On Cardinal Health
Portfolio Pulse from Benzinga Insights
Whale investors have shown a bullish stance on Cardinal Health (NYSE:CAH), with options trading indicating a target price range of $70.0 to $115.0. Analysis of options activity reveals a majority of trades are bullish, with significant volumes in both calls and puts. Cardinal Health, a major pharmaceutical wholesaler, is currently trading at $98.48, down 4.37%, with analysts giving mixed ratings but an average target price of $112.33. The company's next earnings release is anticipated in 102 days.
May 03, 2024 | 5:17 pm
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Whale investors are bullish on Cardinal Health, with options trading suggesting a price target range of $70-$115. The stock is currently down, trading at $98.48, but analyst ratings indicate a potential upside with an average target price of $112.33.
The bullish stance by whale investors, combined with the current trading price being below the average analyst target price, suggests a potential short-term upside for Cardinal Health. However, the recent price drop and mixed analyst ratings introduce some uncertainty, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100