The CIO of Cardinal Health Parted With 11,650 Shares. Here's Whether It Matters for Long-Term Investors

Cardinal Health's CIO Michelle Greene sold 11,650 shares worth $2.7 million at a weighted average price of $235.72, reducing her direct stake by roughly 16%. While the sale follows strong stock appreciation, the article notes that Greene sold more aggressively than other executives like the CEO and legal officer. The transaction occurred amid the company's August award cycle and comes as Cardinal Health guides lower adjusted free cash flow for fiscal 2027 despite record capital expenditures in technology and automation.