Labcorp Holdings Inc’s filing revealed that its President & CEO Schechter Adam H unloaded Company’s shares for reported $1.51 million on Nov 11 ’24. In the deal valued at $243.47 per share,6,189 shares were sold. As a result of this transaction, Schechter Adam H now holds 87,441 shares worth roughly $20.57 million.
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Then, Schechter Adam H bought 6,189 shares, generating $1,506,836 in total proceeds.
Before that, ANDERSON KERRII B sold 1,000 shares. Labcorp Holdings Inc shares valued at $230,000 were divested by the Director at a price of $230.00 per share. As a result of the transaction, ANDERSON KERRII B now holds 13,722 shares, worth roughly $3.23 million.
HSBC Securities upgraded its Labcorp Holdings Inc [LH] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Argus also remained covering LH and has increased its forecast on March 25, 2024 with a “Buy” recommendation from previously “Hold” rating. Leerink Partners started covering the stock on February 26, 2024. It rated LH as “an Outperform”.
Price Performance Review of LH
On Friday, Labcorp Holdings Inc [NYSE:LH] saw its stock fall -1.25% to $235.21. Over the last five days, the stock has lost -2.96%. Labcorp Holdings Inc shares have risen nearly 3.48% since the year began. Nevertheless, the stocks have risen 12.05% over the past one year. While a 52-week high of $247.99 was reached on 11/11/24, a 52-week low of $191.97 was recorded on 05/31/24. SMA at 50 days reached $224.40, while 200 days put it at $215.07.
Levels Of Support And Resistance For LH Stock
The 24-hour chart illustrates a support level at 231.97, which if violated will result in even more drops to 228.73. On the upside, there is a resistance level at 238.85. A further resistance level may holdings at 242.50. The Relative Strength Index (RSI) on the 14-day chart is 56.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 54.73%. Stochastics %K at 65.22% 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 2024-10-31, growing by 0.16 million shares to a total of 2.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.87 million shares. There was a rise of 8.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 09, 2024 when Evercore ISI began covering the stock and recommended ‘”an In-line”‘ rating along with a $240 price target.
