Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Labcorp Holdings Inc shares valued at $235,000 were sold by ANDERSON KERRII B on Jan 07 ’25. At $235.00 per share, ANDERSON KERRII B sold 1,000 shares. The insider’s holdings dropped to 12,722 shares worth approximately $2.98 million following the completion of this transaction.
Also, KERRII B ANDERSON purchased 1,000 shares, netting a total of over 229,920 in proceeds.
Before that, EISENBERG GLENN A had sold 11,711 shares from its account. In a trade valued at $2,815,651, the Executive Vice President traded Labcorp Holdings Inc shares for $240.43 each. Upon closing the transaction, the insider’s holdings decreased to 11,711 shares, worth approximately $7.33 million.
As published in a research note from Evercore ISI on January 07, 2025, Labcorp Holdings Inc [LH] has been rated up from an In-line to an Outperform and the price target has been revised to $265 from $260. As of October 30, 2024, HSBC Securities has increased its “Hold” rating to a “Buy” for LH. Earlier on October 01, 2024, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for LH stock.
Analyzing LH Stock Performance
During the last five days, there has been a surge of approximately 2.18%. Over the course of the year, Labcorp Holdings Inc shares have jumped approximately 2.18%. Shares of the company reached a 52-week high of $238.09 on 01/07/25 and a 52-week low of $225.20 on 01/03/25. A 50-day SMA is recorded $234.07, while a 200-day SMA reached $217.91. Nevertheless, trading volume fell to 0.44 million shares from 0.66 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 232.30, which, if violated, would cause prices to drop to 230.30. In the upper region, resistance lies at 236.17. The next price resistance is at 238.04. RSI (Relative Strength Index) is 55.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.43, which suggests the price will increase in the coming days. Percent R is at 29.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
