Cardinal Health (CAH) Hits 52-Week High: What's Driving It?

Shares of Cardinal Health, Inc. (CAH) scaled a new 52-week high of $115.38 on Mar 8, before closing the session marginally lower at $115.17.Over the past year, this Zacks Rank #1 (Strong Buy) stock has gained 64.3% compared with 18.3% growth of the industry and a 32.9% rise of the S&P 500 composite.Over the past five years, the company registered earnings growth of 2.1% compared with the industry’s 12.8% rise. The company’s long-term expected growth rate of 14.2% compares with the industry’s growth projecti ...