Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Danaher Corp. shares valued at $172,455 were sold by SPOON ALAN G on May 02 ’24. At $243.58 per share, SPOON ALAN G sold 708 shares. The insider’s holdings dropped to 116,202 shares worth approximately $29.0 million following the completion of this transaction.
Also, Weidemanis Joakim sold 22,433 shares, netting a total of over 5,618,569 in proceeds. Following the sale of shares at $250.46 each, the insider now holds 90,412 shares.
Before that, Blair Rainer had sold 47,175 shares from its account. In a trade valued at $11,756,725, the President & CEO traded Danaher Corp. shares for $249.22 each. Upon closing the transaction, the insider’s holdings decreased to 47,175 shares, worth approximately $28.95 million.
As published in a research note from HSBC Securities on April 17, 2024, Danaher Corp. [DHR] has been rated up from a Hold to a Buy and the price target has been revised to $280. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late January. As of December 18, 2023, HSBC Securities has initiated its “Hold” rating for DHR.
Analyzing DHR Stock Performance
During the last five days, there has been a surge of approximately 1.08%. Over the course of the year, Danaher Corp. shares have jumped approximately 7.87%. 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 $248.26, while a 200-day SMA reached $229.97. Nevertheless, trading volume fell to 1.46 million shares from 1.68 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 248.53, which, if violated, would cause prices to drop to 247.50. In the upper region, resistance lies at 250.20. The next price resistance is at 250.84. RSI (Relative Strength Index) is 56.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.23, which suggests the price will increase in the coming days. Percent R is at 31.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
