CareFusion Rises On Unusually High Volume (CFN)

NEW YORK ( TheStreet) -- CareFusion (NYSE: CFN) is trading at unusually high volume Friday with 6.2 million shares changing hands. It is currently at four times its average daily volume and trading up $2.03 (+8.3%) at $26.60 as of 2:25 p.m. ET.

CareFusion has a market cap of $5.41 billion and is part of the health care sector and health services industry. Shares are down 4% year to date as of the close of trading on Thursday.

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 12.6, below the average health services industry P/E ratio of 20 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself. 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.

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