Shares of Laboratory Corporation of America Holdings (NYSE:LH) Sees Large Outflow of Money

Laboratory Corporation of America Holdings (NYSE:LH) During the most recent session, the shares traded at 0.72 points or 0.56% higher at $128.23. The money flow data is unimpressive with the net money flow value of $(-4.23) million. As per the intraday data, the upticks measured $24.19 million and the downticks measured $28.42 million. As a result, the up/down ratio registered a value of 0.85. The shares have seen 2.01% price change for the week.A block trade also made an entry with $7.77 million flowing in through upticks while $14.1 million flew out through downticks. The block tradeoff had the up/down ratio of 0.55. The net money flow for this big transaction was $(-6.33) million.


The stock has recorded a 20-day Moving Average of 0.1% and the 50-Day Moving Average is 2.16%. The company shares have rallied 6.35% in the past 52 Weeks. On June 9, 2016 The shares registered one year high of $131.99 and one year low was seen on February 8, 2016 at $97.79. The 50-day moving average is $127.28 and the 200 day moving average is recorded at $118.67. S&P 500 has rallied 1.93% during the last 52-weeks.

Laboratory Corporation of America Holdings (NYSE:LH): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $127.52 and $127.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $128.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $128.23, notching a gain of 0.56% for the day. The total traded volume was 780,816 . The stock had closed at $127.51 on the previous day.

Currently 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 95.22% of Laboratory Corporation of America Holdings shares. During last six month period, the net percent change held by insiders has seen a change of -27.27%. On the companys insider trading activities, The Securities and Exchange Commission has divulged that King David P, director officer (President & CEO) of Laboratory Corp Of America Holdings, had unloaded 196,400 shares at an average price of $128.42 in a transaction dated on June 13, 2016. The total value of the transaction was worth $25,221,688.

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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