Cardinal Health Trading Volume Surges 60.2% to $343 Million Ranking 282nd

On June 10, 2025, Cardinal Health (CAH) saw a significant increase in trading volume, with a turnover of $343 million, marking a 60.2% rise from the previous day. This surge placed Cardinal Health at the 282nd position in terms of trading volume for the day. However, the stock price experienced a slight decline, falling by 0.35% over the past two days, resulting in a total decrease of 1.05%.

BofA Securities analyst Michael Cherny raised the price target for Cardinal Health shares to $170.00, up from the previous $165.00. This adjustment comes ahead of the company's upcoming investor day on June 12, where expectations are high due to the company's impressive execution over the past two years and multiple industry tailwinds. The firm anticipates that Cardinal Health will raise its long-term target Pharmaceutical EBIT growth guidance from 4-6% to 5-7% or 5-8%.

TD Cowen also maintained a Buy rating on Cardinal Health stock, reiterating the positive outlook ahead of the company's Investor Day. The firm's price target for Cardinal Health was also increased to $170.00, reflecting the company's strong performance and industry tailwinds.