Labcorp Holdings Inc.’s filing revealed that 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.
Piper Sandler initiated its Labcorp Holdings Inc. [LH] rating to a Neutral in a research note published on October 01, 2024; the price target was $235. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in late March from “a Hold” to “a Buy”. Leerink Partners began covering LH with “an Outperform” recommendation on February 26, 2024. Evercore ISI started covering the stock on February 09, 2024. It rated LH as “an In-line”.
Price Performance Review of LH
On Tuesday, Labcorp Holdings Inc. [NYSE:LH] saw its stock fall -0.08% to $216.68. Over the last five days, the stock has gained 1.89%. Labcorp Holdings Inc. shares have fallen nearly -4.67% since the year began. Nevertheless, the stocks have risen 7.50% 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 $223.14, while 200 days put it at $214.60.
Levels Of Support And Resistance For LH Stock
The 24-hour chart illustrates a support level at 215.03, which if violated will result in even more drops to 213.38. On the upside, there is a resistance level at 219.26. A further resistance level may holdings at 221.85. The Relative Strength Index (RSI) on the 14-day chart is 44.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.99%. Stochastics %K at 37.73% 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 2024-09-30, growing by 0.2 million shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.66 million shares. There was a rise of 10.96%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 03, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $222 price target.
