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 $2,815,651 were sold by EISENBERG GLENN A on Dec 02 ’24. At $240.43 per share, EISENBERG GLENN A sold 11,711 shares. The insider’s holdings dropped to 31,289 shares worth approximately $7.1 million following the completion of this transaction.
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Also, Gilliland Dwight Gary sold 1,000 shares, netting a total of over 241,000 in proceeds. Following the sale of shares at $241.00 each, the insider now holds 7,712 shares.
Before that, EISENBERG GLENN A had added 11,711 shares to its account. In a trade valued at $2,815,651, the Officer bought Labcorp Holdings Inc shares for $240.43 each.
Analysts at HSBC Securities upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 01, 2024, Piper Sandler has initiated its “Neutral” rating for LH. Earlier on March 25, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for LH stock which previously was a “a Hold”.
Analyzing LH Stock Performance
During the last five days, there has been a drop of approximately -2.10%. Over the course of the year, Labcorp Holdings Inc shares have dropped approximately -0.14%. Shares of the company reached a 52-week high of $247.99 on 11/11/24 and a 52-week low of $191.97 on 05/31/24. A 50-day SMA is recorded $231.33, while a 200-day SMA reached $216.90. Nevertheless, trading volume fell to 0.57 million shares from 0.46 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 225.26, which, if violated, would cause prices to drop to 223.55. In the upper region, resistance lies at 228.57. The next price resistance is at 230.18. RSI (Relative Strength Index) is 39.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.05, which suggests the price will decrease in the coming days. Percent R is at 89.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
