Labcorp Holdings Inc. provides comprehensive laboratory services that help doctors, hospitals, pharmaceutical companies, researchers and patients make clear and confident decisions. Co. provides insights and advanced science to improve health and improve lives through its unparalleled diagnostics and drug development laboratory capabilities. Co. operates through two segments: Diagnostics Laboratories (Dx) and Biopharma Laboratory Services (BLS). The Diagnostics Laboratories segment includes routine testing and specialty/esoteric testing. Dx operates through a network of patient service centers, branches, rapid response laboratories, primary laboratories, and specialty laboratories. We show 63 historical shares outstanding datapoints in our LH shares outstanding history coverage, used to compute LH market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing LH market cap history over the course of time is important for investors
interested in comparing LH's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of LH versus a peer is one thing; comparing
LH market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like LH can fluctuate over the course of history.
With this page we aim to empower investors researching LH by allowing them to research the LH market cap history. |
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Video: The Importance of Market Cap
