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Cardinal Health CFO Sells $9.8M in Stock
23 Aug
Summary
- CFO sold 42,000 Cardinal Health shares on August 18.
- Transaction value exceeded $9.8 million at weighted average price.
- Insider still holds 20,495 shares valued at $4.82 million.
Cardinal Health Chief Financial Officer Aaron E. Alt divested 42,000 shares of the company's common stock on August 18. This significant transaction reduced his direct equity stake to 20,495 shares.
The sale occurred at a weighted-average price of $236.34 per share, a figure slightly exceeding the stock's market close price of $234.98 on the same date. The total value of this transaction approximated $9.8 million.
As of the transaction date, the remaining 20,495 shares held a market valuation of $4.82 million. This action by the CFO represents a notable change in his direct investment in Cardinal Health, a global integrated healthcare services and products provider.
Cardinal Health operates extensive pharmaceutical distribution and medical supply services across the United States, Canada, Europe, and Asia. Its operations are divided into Pharmaceutical and Medical divisions, serving a wide array of healthcare entities including hospitals, pharmacies, and laboratory facilities.
