Laboratory Corporation of America Holdings (LH) has been under a strong bear grip, hence the stock is down -2.04% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.72% in the past 1 week. The stock has risen by 1.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.17% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.49% and the 50-Day Moving Average is 0.96%.The 200 Day SMA reached 11.57%. Laboratory Corp. of America Holdings is up 5.95% in the last 3-month period. Year-to-Date the stock performance stands at 11.38%.
Laboratory Corporation of America Holdings (NYSE:LH): After opening at $136.73, the stock dipped to an intraday low of $136.14 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $137.76 and the buying power remained strong till the end. The stock closed at $137.71 for the day, a gain of 1.16% for the day session. The total traded volume was 594,387. The stocks close on the previous trading day was $136.13.
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.