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 $1,253,956 were purchased by DiVincenzo Jonathan P. on Sep 03 ’24. At $229.66 per share, DiVincenzo Jonathan P. acquired 5,460 shares.
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Also, van der Vaart Sandra D sold 2,000 shares, netting a total of over 454,100 in proceeds. Following the sale of shares at $227.05 each, the insider now holds 3,670 shares.
Before that, van der Vaart Sandra D had added 2,000 shares to its account. In a trade valued at $454,100, the Officer bought Labcorp Holdings Inc. shares for $227.05 each.
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 4.09%. Over the course of the year, Labcorp Holdings Inc. shares have dropped approximately -0.03%. 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 $221.46, while a 200-day SMA reached $214.83. Nevertheless, trading volume fell to 0.51 million shares from 0.6 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 225.80, which, if violated, would cause prices to drop to 224.38. In the upper region, resistance lies at 229.43. The next price resistance is at 231.63. RSI (Relative Strength Index) is 55.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.28, which suggests the price will increase in the coming days. Percent R is at 27.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.