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Why is Laboratory Corp. Of America Holdings (LH) Stock down?

We've noticed a 5.12% decline in Laboratory Corp. Of America Holdings (LH) stock during the 2024-04-25 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
03 Jul, 2023:

Laboratory Corporation of Ameri's stock fell 13.43% following the company's announcement of completing the spinoff of Fortrea Holdings, a contract research organization. This downward movement can be attributed to investors selling on the news, as the anticipation of the spinoff had already contributed to an 11% increase in the stock price over the past month.

https://www.fool.com/investing/2023/07/03/why-shares-of-labcorp-dropped-monday/

$117.93
price down icon 4.89%
diagnostics_research WAT
$321.25
price up icon 1.80%
$309.02
price up icon 2.64%
diagnostics_research MTD
$1,251.95
price up icon 0.17%
$480.60
price up icon 1.00%
Cap:     |  Volume (24h):