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The Potential Rise in the Price of Labcorp Holdings Inc. (LH) following insiders activity

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In a filing, Labcorp Holdings Inc. revealed its Director ANDERSON KERRII B unloaded Company’s shares for reported $0.13 million on Aug 08 ’24. In the deal valued at $225.00 per share,586 shares were sold. As a result of this transaction, ANDERSON KERRII B now holds 14,722 shares worth roughly $3.31 million.

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Then, KERRII B ANDERSON bought 1,000 shares, generating $225,870 in total proceeds.

Before that, ANDERSON KERRII B sold 414 shares. Labcorp Holdings Inc. shares valued at $93,150 were divested by the Director at a price of $225.00 per share. As a result of the transaction, ANDERSON KERRII B now holds 15,308 shares, worth roughly $3.44 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 Tuesday, Labcorp Holdings Inc. [NYSE:LH] saw its stock jump 0.54% to $224.55. Over the last five days, the stock has lost -0.58%. Labcorp Holdings Inc. shares have fallen nearly -1.21% since the year began. Nevertheless, the stocks have risen 3.00% 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 $208.94, while 200 days put it at $212.54.

Levels Of Support And Resistance For LH Stock

The 24-hour chart illustrates a support level at 222.16, which if violated will result in even more drops to 219.77. On the upside, there is a resistance level at 225.88. A further resistance level may holdings at 227.21. The Relative Strength Index (RSI) on the 14-day chart is 58.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 47.79%. Stochastics%K at 55.20% indicates the stock is a holding.

How much short interest is there in Labcorp Holdings Inc.?

A steep rise in short interest was recorded in Labcorp Holdings Inc. stocks on , dropping by 50844.0 shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.94 million shares. There was a decline of -2.69%, which implies that there is a negative sentiment for the stock.

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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