Labcorp Holdings Inc.’s recent filing unveils that its Officer BERBERIAN LANCE acquired Company’s shares for reported $2.77 million on Aug 05 ’24. In the deal valued at $229.10 per share,12,093 shares were bought.
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Then, van der Vaart Sandra D sold 2,000 shares, generating $421,655 in total proceeds. Upon selling the shares at $210.83, the EVP, Chief Legal Officer now owns 5,637 shares.
Before that, ANDERSON KERRII B sold 250 shares. Labcorp Holdings Inc. shares valued at $50,025 were divested by the Director at a price of $200.10 per share. As a result of the transaction, ANDERSON KERRII B now holds 15,722 shares, worth roughly $3.59 million.
Argus upgraded its Labcorp Holdings Inc. [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 Monday, Labcorp Holdings Inc. [NYSE:LH] saw its stock fall -3.15% to $228.57. Over the last five days, the stock has gained 8.46%. Labcorp Holdings Inc. shares have risen nearly 0.56% since the year began. Nevertheless, the stocks have risen 6.18% over the past one year. While a 52-week high of $238.46 was reached on 08/02/24, a 52-week low of $191.97 was recorded on 05/31/24. SMA at 50 days reached $205.53, while 200 days put it at $211.79. A total of 0.93 million shares were traded, compared to the trading of 1.19 million shares in the previous session.
Levels Of Support And Resistance For LH Stock
The 24-hour chart illustrates a support level at 226.54, which if violated will result in even more drops to 224.51. On the upside, there is a resistance level at 231.72. A further resistance level may holdings at 234.87. The Relative Strength Index (RSI) on the 14-day chart is 66.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.46%. Stochastics%K at 86.34% indicates the stock is a selling.
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.
