Danaher Corporation [DHR] Records 50-Day SMA of $242.15

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Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Danaher Corporation shares valued at $840,685 were sold by LOHR WALTER G on May 05. At $240.88 per share, LOHR WALTER G sold 3,490 shares. The insider’s holdings dropped to 12,115 shares worth approximately $2.79 million following the completion of this transaction.

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Also, Weidemanis Joakim sold 9,934 shares, netting a total of over 2,436,512 in proceeds. Following the sale of shares at $245.27 each, the insider now holds 91,423 shares.

Before that, Couchara Georgeann had sold 695 shares from its account. In a trade valued at $170,463, the SVP, Human Resources traded Danaher Corporation shares for $245.27 each. Upon closing the transaction, the insider’s holdings decreased to 695 shares, worth approximately $0.36 million.

Analyzing DHR Stock Performance

On Thursday, Danaher Corporation [NYSE: DHR] rose 1.20% to $230.45. The stock’s lowest price that day was $226.69, but it reached a high of $231.00 in the same session. During the last five days, there has been a surge of approximately 1.78%. Over the course of the year, Danaher Corporation shares have dropped approximately -13.18%. Shares of the company reached a 52-week high of $279.32 on 01/23/23 and a 52-week low of $221.22 on 05/17/23. A 50-day SMA is recorded $242.15, while a 200-day SMA reached $259.41. Nevertheless, trading volume fell to 3.4 million shares from 4.69 million shares the previous day.

Support And Resistance Levels for Danaher Corporation (DHR)

According to the 24-hour chart, there is a support level at 227.76, which, if violated, would cause prices to drop to 225.07. In the upper region, resistance lies at 232.07. The next price resistance is at 233.69. RSI (Relative Strength Index) is 42.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 58.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Danaher Corporation subject to short interest?

Stocks of Danaher Corporation saw a sharp rise in short interest on Apr 27, 2023 jumping by 0.25 million shares to 4.63 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 4.38 million shares. A jump of 5.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.43 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.43.

Which companies own the most shares of Danaher Corporation (DHR)?

According to The Vanguard Group, Inc. filings, the company currently owns 52,361,414 shares, which is about 7.10% of the total DHR shares outstanding. The investor’s shares have appreciated by 635,365 from its previous 13-F filing of 51726049.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $7,153,626,092. SSgA Funds Management, Inc. reduced a -0.88% interest valued at $6.42 billion while Wellington Management Co. LLP sold a -434,145 stake. A total of -2,863,613 shares of Danaher Corporation were sold by Fidelity Management & Research Co during the quarter, and -2,315,308 were sold by T. Rowe Price Associates, Inc. In its current portfolio, Geode Capital Management LLC holds 12,900,685 shares valued at $3.06 billion.

In terms of Danaher Corporation share price expectations, FactSet research, analysts set an average price target of $279.00 in the next 12 months, up nearly 20.77% from the previous closing price of $227.71. Analysts anticipate Danaher Corporation stock to reach $356.00 by 2023, with the lowest price target being $250.00. In spite of this, 27 analysts ranked Danaher Corporation stock as an Overweight at the end of 2023.


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