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Investing in Labcorp Holdings Inc (LH) Is Getting More Attractive

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Labcorp Holdings Inc’s recently made public that its Director ANDERSON KERRII B unloaded Company’s shares for reported $0.23 million on Jan 07 ’25. In the deal valued at $235.00 per share,1,000 shares were sold. As a result of this transaction, ANDERSON KERRII B now holds 12,722 shares worth roughly $3.15 million.

Then, KERRII B ANDERSON bought 1,000 shares, generating $229,920 in total proceeds.

Before that, EISENBERG GLENN A sold 11,711 shares. Labcorp Holdings Inc shares valued at $2,815,651 were divested by the Executive Vice President at a price of $240.43 per share. As a result of the transaction, EISENBERG GLENN A now holds 31,289 shares, worth roughly $7.76 million.

Evercore ISI upgraded its Labcorp Holdings Inc [LH] rating to an Outperform from a an In-line in a research note published on January 07, 2025; the price target was increased to $265 from $260. HSBC Securities also remained covering LH and has increased its forecast on October 30, 2024 with a “Buy” recommendation from previously “Hold” rating. Piper Sandler started covering the stock on October 01, 2024. It rated LH as “a Neutral”.

Price Performance Review of LH

On Monday, Labcorp Holdings Inc [NYSE:LH] saw its stock fall -0.78% to $247.86. Over the last five days, the stock has lost -0.72%. Labcorp Holdings Inc shares have risen nearly 8.08% since the year began. Nevertheless, the stocks have risen 11.50% over the past one year. While a 52-week high of $258.59 was reached on 01/30/25, a 52-week low of $191.97 was recorded on 01/03/25. SMA at 50 days reached $236.58, while 200 days put it at $220.49.

Levels Of Support And Resistance For LH Stock

The 24-hour chart illustrates a support level at 245.52, which if violated will result in even more drops to 243.18. On the upside, there is a resistance level at 250.07. A further resistance level may holdings at 252.27. The Relative Strength Index (RSI) on the 14-day chart is 62.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.46%. Stochastics %K at 70.00% 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 2025-01-15, growing by 48626.0 shares to a total of 2.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.97 million shares. There was a rise of 2.41%, which implies that there is a positive sentiment for the stock.

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