KD Logo

Redburn Atlantic analysts initates a Buy rating for Labcorp Holdings Inc (LH)

Labcorp Holdings Inc’s recent filing unveils that its EVP, Chief Marketing Officer Summy Amy B. unloaded Company’s shares for reported $0.18 million on Mar 28 ’25. In the deal valued at $231.67 per share,758 shares were sold. As a result of this transaction, Summy Amy B. now holds 5,302 shares worth roughly $1.15 million.

Then, Schroeder Mark S sold 2,635 shares, generating $610,450 in total proceeds. Upon selling the shares at $231.67, the EVP, Pres Diagnostics & COO now owns 4,960 shares.

Before that, Schroeder Mark S bought 2,635 shares. Labcorp Holdings Inc shares valued at $610,450 were divested by the Officer at a price of $231.67 per share.

Redburn Atlantic initiated its Labcorp Holdings Inc [LH] rating to a Buy in a research note published on April 02, 2025; the price target was $276. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “a Buy”. Evercore ISI also remained covering LH and has increased its forecast on January 07, 2025 with a “an Outperform” recommendation from previously “an In-line” rating.

Price Performance Review of LH

On Thursday, Labcorp Holdings Inc [NYSE:LH] saw its stock fall -1.56% to $217.12. Over the last five days, the stock has lost -0.68%. Labcorp Holdings Inc shares have fallen nearly -5.32% since the year began. Nevertheless, the stocks have risen 7.52% over the past one year. While a 52-week high of $258.59 was reached on 03/05/25, a 52-week low of $191.97 was recorded on 04/10/25. SMA at 50 days reached $239.04, while 200 days put it at $230.18.

Levels Of Support And Resistance For LH Stock

The 24-hour chart illustrates a support level at 215.89, which if violated will result in even more drops to 214.66. On the upside, there is a resistance level at 219.38. A further resistance level may holdings at 221.64. The Relative Strength Index (RSI) on the 14-day chart is 37.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.09%. Stochastics %K at 33.80% 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 2025-03-31, growing by 37591.0 shares to a total of 1.89 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 1.85 million shares. There was a rise of 1.99%, which implies that there is a positive sentiment for the stock.

Most Popular