(VIANEWS) – Today, Cardinal Health and Chronicled announced a partnership. The new Blockchain-powered MediLedger Network solution will streamline the supply chain of pharmaceuticals and provide a smooth and reliable experience to pharmacies throughout the country. Cardinal Health will be able to streamline the complicated process of chargebacks for pharmaceuticals as well as provide greater connectivity and transparency for customers and suppliers.
Business Insider reports that chronicled is the administrator for the MediLedger network and provides Cardinal Health and its industry partners with a decentralized shared infrastructure. This allows them to resolve disputes quickly and increase pricing accuracy. Blockchain-powered solutions will ensure that chargebacks received across Cardinal Health’s supply chain are accurate and legitimate.
Cardinal Health’s last close was $59.63, 5.29% under its 52-week high of $62.96.
Today’s last reported volume for Cardinal Health is 396382 which is 83.46% below its average volume of 2395884.
The company’s growth estimates for the ongoing quarter is 15.4% and a drop 4.6% for the next.
Cardinal Health’s Revenue
Year-on-year quarterly revenue growth grew by 0.3%, now sitting on 156.57B for the twelve trailing months.
Cardinal Health’s last week, last month’s, and last quarter’s current volatility was 0.22%, 0.18%, and 1.09%, respectively.
Cardinal Health’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.47% (last week), 0.81% (last month), and 1.09% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Cardinal Health’s stock is considered to be oversold (<=20).
Cardinal Health’s Stock Yearly Top and Bottom Value
Cardinal Health’s stock is valued at $54.62 at 09:43 EST, way below its 52-week high of $62.96 and way higher than its 52-week low of $44.65.
Cardinal Health’s Moving Average
Cardinal Health’s value is under its 50-day moving average of $57.71 and below its 200-day moving average of $57.17.
Previous days news about Cardinal Health (CAH)
Cardinal health partners with chronicled to enhance pharmaceutical chargeback accuracy for customers through blockchain-powered technology. According to Business Insider on Tuesday, 3 August, “We are committed to developing and leveraging innovative solutions that create compelling, frictionless experiences for our customers and their patients,” said Ray Bajaj, CTO of Cardinal Health and leader of our innovation engine, Fuse. “, “Chronicled and Cardinal Health are now encouraging industry partners to also join the MediLedger Network to benefit from:”
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