In a filing, Labcorp Holdings Inc. revealed its Director ANDERSON KERRII B unloaded Company’s shares for reported $0.23 million on Oct 24 ’24. In the deal valued at $230.00 per share,1,000 shares were sold. As a result of this transaction, ANDERSON KERRII B now holds 13,722 shares worth roughly $3.12 million.
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Then, KERRII B ANDERSON bought 1,000 shares, generating $219,900 in total proceeds.
Before that, DiVincenzo Jonathan P. bought 5,460 shares. Labcorp Holdings Inc. shares valued at $1,253,956 were divested by the Officer at a price of $229.66 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 Monday, Labcorp Holdings Inc. [NYSE:LH] saw its stock fall -0.55% to $227.38. Over the last five days, the stock has gained 6.19%. Labcorp Holdings Inc. shares have risen nearly 0.04% since the year began. Nevertheless, the stocks have risen 10.42% over the past one year. While a 52-week high of $239.50 was reached on 10/24/24, a 52-week low of $191.97 was recorded on 05/31/24. SMA at 50 days reached $222.55, while 200 days put it at $214.35.
Levels Of Support And Resistance For LH Stock
The 24-hour chart illustrates a support level at 225.03, which if violated will result in even more drops to 222.68. On the upside, there is a resistance level at 230.07. A further resistance level may holdings at 232.76. The Relative Strength Index (RSI) on the 14-day chart is 61.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.51, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.81%. Stochastics %K at 61.09% 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 2024-10-15, growing by 68294.0 shares to a total of 1.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.77 million shares. There was a rise of 3.71%, 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.
