Large Outflow of Money Witnessed in Laboratory Corporation of America Holdings

Laboratory Corporation of America Holdings (LH) : Money flow in the Laboratory Corporation of America Holdings (LH) stock was negative (15.85 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $21.15 million, compared to $37 million on downticks. The total uptick to downtick ratio was 0.57, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($18.93 million), indicating selling on the strength. The transaction value during uptick in block trades was $2.83 million. Downtick transaction value in block trades amounted to $21.76 million, indicating persistent selling. The uptick to downtick ratio was 0.13. Laboratory Corporation of America Holdings (LH) traded $0.7 higher at $136.25 gaining 0.52% over the previous days close.

Laboratory

The company Insiders own 1.14% of Laboratory Corporation of America Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -63.48% . Institutional Investors own 95.28% of Laboratory Corporation of America Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -26.35%. In an insider trading activity,The director officer (President & CEO) of Laboratory Corp Of America Holdings, King David P sold 196,400 shares at $128.42 on June 13, 2016. The Insider selling transaction had a total value worth of $25,221,688. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Shares of Laboratory Corp. of America Holdings rose by 4.22% in the last five trading days and 4.57% for the last 4 weeks. Laboratory Corp. of America Holdings is up 15.9% in the last 3-month period. Year-to-Date the stock performance stands at 10.2%.

Laboratory Corporation of America Holdings (NYSE:LH): stock turned positive on Tuesday. Though the stock opened at $136.26, the bulls momentum made the stock top out at $136.77 level for the day. The stock recorded a low of $135.88 and closed the trading day at $136.25, in the green by 0.52%. The total traded volume for the day was 779,368. The stock had closed at $135.55 in the previous days trading.

Laboratory Corporation of America Holdings is an independent clinical laboratory company in the United States. Through a national network of laboratories, the Company offers a range of clinical laboratory tests that are used by the medical profession in core testing, patient diagnosis, and in the monitoring and treatment of disease. The Company manages its operations through two segments: the Clinical diagnostics laboratory segment, which includes core testing, as well as genomic and esoteric testing; and the Other segment, which consists of the Companys non-United States clinical diagnostic laboratory operations in Ontario, Canada. It also provides specialty testing services in the areas of allergy, clinical trials, diagnostic genetics, womens health, cardiovascular disease, identity, forensics, infectious disease, endocrinology, oncology, coagulation, occupational testing and pain management.

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