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Laboratory Corp. Of America Holdings [LH] Shares Fall -0.02 % on Wednesday

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Laboratory Corp. Of America Holdings shares valued at $498,358 were sold by Wilkinson Peter J on Apr 29 ’24. At $204.33 per share, Wilkinson Peter J sold 2,439 shares. The insider’s holdings dropped to 2,087 shares worth approximately $0.42 million following the completion of this transaction.

Also, Schroeder Mark S sold 6,477 shares, netting a total of over 1,407,387 in proceeds. Following the sale of shares at $217.29 each, the insider now holds 5,036 shares.

Before that, Summy Amy B. had sold 3,500 shares from its account. In a trade valued at $760,515, the EVP, Chief Marketing Officer traded Laboratory Corp. Of America Holdings shares for $217.29 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $0.8 million.

As published in a research note from Argus on March 25, 2024, Laboratory Corp. Of America Holdings [LH] has been rated up from a Hold to a Buy and the price target has been revised to $250. Analysts at Leerink Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. As of February 09, 2024, Evercore ISI has initiated its “an In-line” rating for LH. Earlier on January 03, 2024, Barclays initiated its rating. Their recommendation was “an Equal weight” for LH stock.

Analyzing LH Stock Performance

During the last five days, there has been a drop of approximately -3.18%. Over the course of the year, Laboratory Corp. Of America Holdings shares have dropped approximately -11.43%. Shares of the company reached a 52-week high of $234.09 on 01/02/24 and a 52-week low of $196.11 on 04/25/24. A 50-day SMA is recorded $210.82, while a 200-day SMA reached $212.91. Nevertheless, trading volume fell to 0.77 million shares from 0.89 million shares the previous day.

Support And Resistance Levels for Laboratory Corp. Of America Holdings (LH)

According to the 24-hour chart, there is a support level at 198.47, which, if violated, would cause prices to drop to 195.62. In the upper region, resistance lies at 204.13. The next price resistance is at 206.94. RSI (Relative Strength Index) is 41.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 64.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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