Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Labcorp Holdings Inc. shares valued at $225,870 were purchased by KERRII B ANDERSON on Aug 07 ’24. At $225.87 per share, KERRII B ANDERSON acquired 1,000 shares.
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Also, BERBERIAN LANCE purchased 12,093 shares, netting a total of over 2,770,554 in proceeds.
Before that, BERBERIAN LANCE had sold 12,093 shares from its account. In a trade valued at $2,770,552, the EVP, CIO & CTO traded Labcorp Holdings Inc. shares for $229.10 each. Upon closing the transaction, the insider’s holdings decreased to 12,093 shares, worth approximately $3.58 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 drop of approximately -3.71%. Over the course of the year, Labcorp Holdings Inc. shares have dropped approximately -1.12%. Shares of the company reached a 52-week high of $238.46 on 08/02/24 and a 52-week low of $191.97 on 05/31/24. A 50-day SMA is recorded $207.07, while a 200-day SMA reached $212.14. Nevertheless, trading volume fell to 0.53 million shares from 1.15 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 219.55, which, if violated, would cause prices to drop to 214.35. In the upper region, resistance lies at 228.35. The next price resistance is at 231.95. RSI (Relative Strength Index) is 59.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.84, which suggests the price will increase in the coming days. Percent R is at 42.25%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
