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The Potential Rise in the Price of Laboratory Corp. Of America Holdings (LH) following insiders activity

In a filing, Laboratory Corp. Of America Holdings revealed its Director ANDERSON KERRII B unloaded Company’s shares for reported $50025.0 on May 02 ’24. In the deal valued at $200.10 per share,250 shares were sold. As a result of this transaction, ANDERSON KERRII B now holds 15,722 shares worth roughly $3.26 million.

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Then, ANDERSON KERRII B sold 250 shares, generating $51,034 in total proceeds. Upon selling the shares at $204.13, the Director now owns 15,972 shares.

Before that, Wilkinson Peter J sold 2,439 shares. Laboratory Corp. Of America Holdings shares valued at $498,358 were divested by the SVP, Chief Accounting Officer at a price of $204.33 per share. As a result of the transaction, Wilkinson Peter J now holds 2,087 shares, worth roughly $0.43 million.

Argus upgraded its Laboratory Corp. Of America Holdings [LH] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”an Outperform”‘ rating. Evercore ISI began covering LH with “an In-line” recommendation on February 09, 2024. Barclays started covering the stock on January 03, 2024. It rated LH as “an Equal weight”.

Price Performance Review of LH

On Friday, Laboratory Corp. Of America Holdings [NYSE:LH] saw its stock jump 0.74% to $207.67. Over the last five days, the stock has gained 3.15%. Laboratory Corp. Of America Holdings shares have fallen nearly -8.63% since the year began. Nevertheless, the stocks have risen 8.16% over the past one year. While a 52-week high of $234.09 was reached on 01/02/24, a 52-week low of $179.58 was recorded on 04/25/24. SMA at 50 days reached $208.88, while 200 days put it at $212.37. A total of 0.72 million shares were traded, compared to the trading of 0.81 million shares in the previous session.

Levels Of Support And Resistance For LH Stock

The 24-hour chart illustrates a support level at 206.15, which if violated will result in even more drops to 204.64. On the upside, there is a resistance level at 208.49. A further resistance level may holdings at 209.32. The Relative Strength Index (RSI) on the 14-day chart is 55.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.39%. Stochastics %K at 62.21% indicates the stock is a holding.

The most recent change occurred on September 06, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating along with a $210 price target.

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