The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Labcorp Holdings Inc shares valued at $230,000 were sold by ANDERSON KERRII B on Oct 24 ’24. At $230.00 per share, ANDERSON KERRII B sold 1,000 shares. The insider’s holdings dropped to 13,722 shares worth approximately $3.13 million following the completion of this transaction.
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Also, KERRII B ANDERSON purchased 1,000 shares, netting a total of over 219,900 in proceeds.
Before that, DiVincenzo Jonathan P. had added 5,460 shares to its account. In a trade valued at $1,253,956, the Officer bought Labcorp Holdings Inc shares for $229.66 each.
As published in a research note from HSBC Securities on October 30, 2024, Labcorp Holdings Inc [LH] has been rated up from a Hold to a Buy. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of March 25, 2024, Argus has increased its “Hold” rating to a “Buy” for LH. Earlier on February 26, 2024, Leerink Partners initiated its rating. Their recommendation was “an Outperform” for LH stock.
Analyzing LH Stock Performance
During the last five days, there has been a drop of approximately -0.78%. Over the course of the year, Labcorp Holdings Inc shares have jumped approximately 0.43%. 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 $222.67, while a 200-day SMA reached $214.44. Nevertheless, trading volume fell to 0.57 million shares from 0.65 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 226.74, which, if violated, would cause prices to drop to 225.21. In the upper region, resistance lies at 230.75. The next price resistance is at 233.23. RSI (Relative Strength Index) is 60.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.93, which suggests the price will increase in the coming days. Percent R is at 41.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
