Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Labcorp Holdings Inc. shares valued at $421,655 were sold by van der Vaart Sandra D on May 14 ’24. At $210.83 per share, van der Vaart Sandra D sold 2,000 shares. The insider’s holdings dropped to 5,637 shares worth approximately $1.32 million following the completion of this transaction.
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Also, ANDERSON KERRII B sold 250 shares, netting a total of over 50,025 in proceeds. Following the sale of shares at $200.10 each, the insider now holds 15,722 shares.
Before that, ANDERSON KERRII B had sold 250 shares from its account. In a trade valued at $51,034, the Director traded Labcorp Holdings Inc. shares for $204.13 each. Upon closing the transaction, the insider’s holdings decreased to 250 shares, worth approximately $3.73 million.
As published in a research note from Argus on March 25, 2024, Labcorp Holdings Inc. [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 11.29%. Over the course of the year, Labcorp Holdings Inc. shares have jumped approximately 2.68%. Shares of the company reached a 52-week high of $234.22 on 08/01/24 and a 52-week low of $191.97 on 05/31/24. A 50-day SMA is recorded $204.37, while a 200-day SMA reached $211.49. Nevertheless, trading volume fell to 1.68 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Labcorp Holdings Inc. (LH)
According to the 24-hour chart, there is a support level at 223.65, which, if violated, would cause prices to drop to 213.92. In the upper region, resistance lies at 238.67. The next price resistance is at 243.96. RSI (Relative Strength Index) is 76.51 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.06, which suggests the price will increase in the coming days. Percent R is at 2.94%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
