Cardinal Health (CAH) Stock Hit a Record High. Then Executives Sold $60 Million
TLDR
- CEO Jason Hollar sold 124,529 CAH stock for $29.4 million on Aug. 18, his first open-market sale since August 2025
- Total insider selling across top executives reached nearly $60 million in the days following earnings
- CAH hit a record close of $240.26 on Aug. 11 after Q4 EPS of $2.91 beat the $2.42 consensus estimate
- Stock has since pulled back, opening at $229.48 on Friday, down from a session high of $258.30
- Analysts maintain a “Moderate Buy” consensus with an average price target of $266.56
Cardinal Health CEO Jason Hollar sold $29.4 million worth of CAH stock on Aug. 18, just days after the company posted record gains following a strong earnings report. The stock hit a record close of $240.26 on Aug. 11, and reached an intraday high of $258.30.
The sales were executed at prices between $234.07 and $238.065 per share. This was Hollar’s first open-market sale since August 2025 and only his second stock sale since joining Cardinal in 2020.
Hollar was not alone. A wave of insider selling swept through the executive team the same day, pushing total sales to nearly $60 million.
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