CareFusion Stock Falls On Unusually High Volume (CFN)

NEW YORK ( TheStreet) -- CareFusion (NYSE: CFN) is trading at unusually high volume Monday with 6.4 million shares changing hands. It is currently at four times its average daily volume and trading down $2.12 (-8.3%) at $23.36 as of 2 p.m. ET.

CareFusion has a market cap of $5.77 billion and is part of the health care sector and health services industry. Shares are up 0.3% year to date as of the close of trading on Friday.

CareFusion Corporation, a medical technology company, provides various healthcare products and services in the United States and internationally. It operates in two segments, Critical Care Technologies, and Medical Technologies and Services. The company has a P/E ratio of 14.4, below the average health services industry P/E ratio of 21.2 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CareFusion as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full CareFusion Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
null

If you liked this article you might like

Jim Cramer: The S&P 500 Isn’t as Passive as You Might Think

Jim Cramer's 'Mad Money' Recap: This Is One Stupid Market

3 Stocks Reiterated As A Buy: CFN, UTX, WHR

Insider Trading Alert - CFN, VSR And CAVM Traded By Insiders

Jim Cramer on the Stock Market: Spinoffs Are in Vogue