In a filing, Labcorp Holdings Inc. revealed its Officer DiVincenzo Jonathan P. acquired Company’s shares for reported $1.25 million on Sep 03 ’24. In the deal valued at $229.66 per share,5,460 shares were bought.
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Then, van der Vaart Sandra D sold 2,000 shares, generating $454,100 in total proceeds. Upon selling the shares at $227.05, the EVP, Chief Legal Officer now owns 3,670 shares.
Before that, van der Vaart Sandra D bought 2,000 shares. Labcorp Holdings Inc. shares valued at $454,100 were divested by the Officer at a price of $227.05 per share.
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 jump 2.09% to $225.76. Over the last five days, the stock has lost -0.51%. Labcorp Holdings Inc. shares have fallen nearly -0.67% since the year began. Nevertheless, the stocks have risen 10.86% 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 $220.43, while 200 days put it at $214.72.
Levels Of Support And Resistance For LH Stock
The 24-hour chart illustrates a support level at 223.21, which if violated will result in even more drops to 220.66. On the upside, there is a resistance level at 227.40. A further resistance level may holdings at 229.05. The Relative Strength Index (RSI) on the 14-day chart is 52.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.18%. Stochastics %K at 44.66% 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 2024-08-30, dropping by -0.23 million shares to a total of 1.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.89 million shares. There was a decline of -13.56%, 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.
