Insider Sale Alert: Danaher Corp. [DHR] – Is it Time to sell?

In a filing, Danaher Corp. revealed its SVP, Chief Science Officer Gutierrez-Ramos Jose-Carlos unloaded Company’s shares for reported $0.15 million on Aug 21. In the deal valued at $250.54 per share,590 shares were sold. As a result of this transaction, Gutierrez-Ramos Jose-Carlos now holds 6,939 shares worth roughly $1.7 million.

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Then, Raskas Daniel sold 11,213 shares, generating $2,922,652 in total proceeds. Upon selling the shares at $260.65, the SVP – Corporate Development now owns 38,288 shares.

Before that, FILLER LINDA sold 10,190 shares. Danaher Corp. shares valued at $2,651,978 were divested by the Director at a price of $260.25 per share. As a result of the transaction, FILLER LINDA now holds 38,152 shares, worth roughly $9.35 million.

Barclays downgraded its Danaher Corp. [DHR] rating to an Equal weight from a an Overweight in a research note published recently.

Price Performance Review of DHR

On Tuesday, Danaher Corp. [NYSE:DHR] saw its stock jump 4.71% to $244.95. Over the last five days, the stock has gained 5.54%. Danaher Corp. shares have risen nearly 5.88% since the year began. Nevertheless, the stocks have risen 3.90% over the past one year. While a 52-week high of $242.20 was reached on 01/30/24, a 52-week low of $182.09 was recorded on 01/18/24. SMA at 50 days reached $226.19, while 200 days put it at $217.15. A total of 6.15 million shares were traded, compared to the trading of 3.13 million shares in the previous session.

Levels Of Support And Resistance For DHR Stock

The 24-hour chart illustrates a support level at 240.47, which if violated will result in even more drops to 235.99. On the upside, there is a resistance level at 247.41. A further resistance level may holdings at 249.88. The Relative Strength Index (RSI) on the 14-day chart is 69.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.97%. Stochastics %K at 71.01% indicates the stock is a holding.

How much short interest is there in Danaher Corp.?

A steep rise in short interest was recorded in Danaher Corp. stocks on Jan 11, 2024, dropping by -0.58 million shares to a total of 6.01 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 6.59 million shares. There was a decline of -9.65%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.91% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.03.

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