Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Danaher Corp. shares valued at $5,986,764 were sold by Raskas Daniel on Feb 26 ’24. At $252.00 per share, Raskas Daniel sold 23,757 shares. The insider’s holdings dropped to 38,102 shares worth approximately $9.3 million following the completion of this transaction.
Also, LOHR WALTER G sold 3,289 shares, netting a total of over 826,032 in proceeds. Following the sale of shares at $251.15 each, the insider now holds 14,129 shares.
Before that, Couchara Georgeann had sold 2,622 shares from its account. In a trade valued at $636,290, the SVP, Human Resources traded Danaher Corp. shares for $242.67 each. Upon closing the transaction, the insider’s holdings decreased to 2,622 shares, worth approximately $1.04 million.
As published in a research note from Barclays on January 24, 2024, Danaher Corp. [DHR] has been rated down from an Overweight to an Equal weight and the price target has been revised to $240. Analysts at HSBC Securities started covering the stock with ‘”a Hold”‘ outlook in a report released in mid December. Earlier on December 07, 2023, Goldman downgraded its rating. Their new recommendation was “a Neutral” for DHR stock which previously was a “a Buy”.
Analyzing DHR Stock Performance
During the last five days, there has been a surge of approximately 0.87%. Over the course of the year, Danaher Corp. shares have jumped approximately 5.47%. Shares of the company reached a 52-week high of $259.00 on 03/04/24 and a 52-week low of $222.53 on 01/18/24. A 50-day SMA is recorded $249.53, while a 200-day SMA reached $226.96. Nevertheless, trading volume fell to 2.07 million shares from 2.23 million shares the previous day.
Support And Resistance Levels for Danaher Corp. (DHR)
According to the 24-hour chart, there is a support level at 242.39, which, if violated, would cause prices to drop to 240.77. In the upper region, resistance lies at 246.30. The next price resistance is at 248.59. RSI (Relative Strength Index) is 43.22 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 84.58%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Danaher Corp. subject to short interest?
Stocks of Danaher Corp. saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.28 million shares to 6.35 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 6.07 million shares. A jump of 4.41% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.37 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.37.
