Labcorp Holdings Inc’s recently made public that its Executive Vice President EISENBERG GLENN A unloaded Company’s shares for reported $2.82 million on Dec 02 ’24. In the deal valued at $240.43 per share,11,711 shares were sold. As a result of this transaction, EISENBERG GLENN A now holds 31,289 shares worth roughly $7.38 million.
Then, Gilliland Dwight Gary sold 1,000 shares, generating $241,000 in total proceeds. Upon selling the shares at $241.00, the Director now owns 7,712 shares.
Before that, EISENBERG GLENN A bought 11,711 shares. Labcorp Holdings Inc shares valued at $2,815,651 were divested by the Officer at a price of $240.43 per share.
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 Monday, Labcorp Holdings Inc [NYSE:LH] saw its stock jump 1.47% to $236.00. Over the last five days, the stock has lost -1.92%. Labcorp Holdings Inc shares have risen nearly 3.83% since the year began. Nevertheless, the stocks have risen 8.44% 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 $229.16, while 200 days put it at $216.36.
Levels Of Support And Resistance For LH Stock
The 24-hour chart illustrates a support level at 233.37, which if violated will result in even more drops to 230.73. On the upside, there is a resistance level at 237.62. A further resistance level may holdings at 239.23. The Relative Strength Index (RSI) on the 14-day chart is 50.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.88%. Stochastics %K at 28.90% 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 2024-11-15, growing by 0.39 million shares to a total of 2.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.84 million shares. There was a rise of 17.52%, 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.
