LH
Labcorp Holdings Inc. Healthcare - Diagnostics & Research Investor Relations →
Labcorp Holdings Inc. (LH) closed at $277.20 as of 2026-02-02, trading 26.8% above its 200-week moving average of $218.60. The stock moved further from the line this week, up from 24.3% last week. The 14-week RSI sits at 64, indicating neutral momentum.
Over the past 1823 weeks of data, LH has crossed below its 200-week moving average 18 times. On average, these episodes lasted 26 weeks. Historically, investors who bought LH at the start of these episodes saw an average one-year return of +22.8%.
With a market cap of $23.0 billion, LH is a large-cap stock. The company generates a free cash flow yield of 4.9%. Return on equity stands at 10.1%. The stock trades at 2.6x book value.
The company has been aggressively buying back shares, reducing its share count by 10.4% over the past three years.
Over the past 33.2 years, a hypothetical investment of $100 in LH would have grown to $840, compared to $2849 for the S&P 500. LH has returned 6.6% annualized vs 10.6% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -25.9% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: LH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After LH Crosses Below the Line?
Across 18 historical episodes, buying LH when it crossed below its 200-week moving average produced an average return of +26.7% after 12 months (median +29.0%), compared to +21.8% for the S&P 500 over the same periods. 89% of those episodes were profitable after one year. After 24 months, the average return was +52.9% vs +40.6% for the index.
Each line shows $100 invested at the moment LH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
LH has crossed below its 200-week MA 18 times with an average 1-year return of +22.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 1992 | May 1993 | 19 | 23.9% | -22.8% | +696.2% |
| May 1993 | Nov 1999 | 339 | 83.5% | -35.0% | +672.1% |
| Sep 2002 | Jan 2003 | 14 | 17.6% | +32.9% | +1458.0% |
| Jan 2003 | Feb 2003 | 4 | 12.2% | +57.7% | +1205.1% |
| Mar 2003 | Mar 2003 | 2 | 2.3% | +41.9% | +1137.7% |
| Apr 2003 | Apr 2003 | 2 | 4.8% | +45.0% | +1152.4% |
| Jun 2003 | Jun 2003 | 2 | 3.2% | +46.5% | +1090.1% |
| Aug 2003 | Oct 2003 | 8 | 8.3% | +36.5% | +1016.6% |
| Oct 2008 | Jun 2009 | 36 | 16.5% | +24.3% | +521.6% |
| Jun 2009 | Aug 2009 | 6 | 1.1% | +11.7% | +406.3% |
| Sep 2009 | Oct 2009 | 5 | 6.6% | +18.0% | +431.9% |
| Dec 2018 | Feb 2019 | 8 | 12.6% | +21.2% | +145.8% |
| Mar 2020 | Apr 2020 | 6 | 31.2% | +58.1% | +123.7% |
| Sep 2022 | Oct 2022 | 4 | 2.9% | +15.7% | +64.0% |
| Mar 2023 | Mar 2023 | 2 | 3.2% | +15.7% | +56.5% |
| May 2023 | Jun 2023 | 5 | 3.1% | +11.0% | +51.2% |
| Apr 2024 | May 2024 | 3 | 3.8% | +9.1% | +40.5% |
| May 2024 | Jul 2024 | 8 | 5.7% | +23.0% | +41.8% |
| Average | 26 | — | +22.8% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02