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 $50,025 were sold by ANDERSON KERRII B on May 02 ’24. At $200.10 per share, ANDERSON KERRII B sold 250 shares. The insider’s holdings dropped to 15,722 shares worth approximately $3.17 million following the completion of this transaction.
Also, ANDERSON KERRII B sold 250 shares, netting a total of over 51,034 in proceeds. Following the sale of shares at $204.13 each, the insider now holds 15,972 shares.
Before that, Wilkinson Peter J had sold 2,439 shares from its account. In a trade valued at $498,358, the SVP, Chief Accounting Officer traded Laboratory Corp. Of America Holdings shares for $204.33 each. Upon closing the transaction, the insider’s holdings decreased to 2,439 shares, worth approximately $0.42 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 surge of approximately 0.14%. Over the course of the year, Laboratory Corp. Of America Holdings shares have dropped approximately -11.30%. 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 $209.21, while a 200-day SMA reached $212.51. Nevertheless, trading volume fell to 0.56 million shares from 0.62 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 200.75, which, if violated, would cause prices to drop to 199.89. In the upper region, resistance lies at 202.40. The next price resistance is at 203.19. RSI (Relative Strength Index) is 43.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.74, which suggests the price will decrease in the coming days. Percent R is at 62.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
