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 $219,900 were purchased by KERRII B ANDERSON on Oct 24 ’24. At $219.90 per share, KERRII B ANDERSON acquired 1,000 shares.
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Also, DiVincenzo Jonathan P. purchased 5,460 shares, netting a total of over 1,253,956 in proceeds.
Before that, van der Vaart Sandra D had sold 2,000 shares from its account. In a trade valued at $454,100, the EVP, Chief Legal Officer traded Labcorp Holdings Inc. shares for $227.05 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $0.84 million.
As published in their initiating research note from Piper Sandler on October 01, 2024, Labcorp Holdings Inc. [LH] has been a Neutral and the price target has been revised to $235. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of February 26, 2024, Leerink Partners has initiated its “an Outperform” rating for LH. Earlier on February 09, 2024, Evercore ISI initiated its rating. Their recommendation was “an In-line” for LH stock.
Analyzing LH Stock Performance
During the last five days, there has been a surge of approximately 6.94%. Over the course of the year, Labcorp Holdings Inc. shares have jumped approximately 1.22%. Shares of the company reached a 52-week high of $239.50 on 10/24/24 and a 52-week low of $191.97 on 05/31/24. A 50-day SMA is recorded $222.47, while a 200-day SMA reached $214.31. Nevertheless, trading volume fell to 1.61 million shares from 1.39 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 222.05, which, if violated, would cause prices to drop to 214.02. In the upper region, resistance lies at 238.80. The next price resistance is at 247.52. RSI (Relative Strength Index) is 66.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.54, which suggests the price will increase in the coming days. Percent R is at 33.42%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
