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Is Laboratory Corp. of America Holdings (LH) a Stock to Watch This Week?

Friday, January 08, 2021 01:49 PM | InvestorsObserver Analysts

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Is Laboratory Corp. of America Holdings (LH) a Stock to Watch This Week?

Overall market sentiment has been high on Laboratory Corp. of America Holdings (LH) stock lately. LH receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.

Sentiment Score - ,bullish
Laboratory Corp. of America Holdings has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on LH!

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.

InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.

For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With LH Stock Today?

Laboratory Corp. of America Holdings (LH) stock is trading at $210.34 as of 1:43 PM on Friday, Jan 8, a decline of -$7.95, or -3.64% from the previous closing price of $218.29. The stock has traded between $210.24 and $219.15 so far today. Volume today is low. So far 398,459 shares have traded compared to average volume of 628,640 shares.

To screen for more stocks like Laboratory Corp. of America Holdings click here.

More About Laboratory Corp. of America Holdings

Laboratory Corporation of America is one of the nation's two largest independent clinical laboratories, with roughly 20% of the independent lab market. The company operates approximately 2,000 patient-service centers, offering a broad range of 5,000 clinical lab tests, ranging from routine blood and urine screens to complex oncology and genomic testing. With the addition of Covance, LabCorp also has a sizable footprint in the global contract research organization market.

Click Here to get the full Stock Score Report on Laboratory Corp. of America Holdings (LH) Stock.

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