LH Stock Summary and Trading Ideas (Labcorp Holdings | NYSE:LH)

Laboratory Corp. 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.

Labcorp Holdings trades on the NYSE stock market under the symbol LH.

As of January 17, 2025, LH stock price declined to $238.56 with 633,551 million shares trading.

LH has a market cap of $19.95 billion. This is considered a Large Cap stock.

Last quarter Labcorp Holdings reported $3 billion in Revenue and $3.50 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.01.

In the last 3 years, LH traded as high as $290.20 and as low as $191.97.

The top ETF exchange traded funds that LH belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

LH has underperformed the market in the last year with a return of +8.6%, while SPY returned +28.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in LH shares. However, LH has outperformed the market in the last 3 month and 2 week periods, returning +11.2% and +4.1%, while SPY returned +3.0% and +1.0%, respectively. This indicates LH has been having a stronger performance recently.

LH support price is $235.82 and resistance is $241.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LH shares will trade within this expected range on the day.