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Analyzing Danaher Corp. (DHR) After Recent Trading Activity

In a filing, Danaher Corp. revealed its President & CEO Blair Rainer unloaded Company’s shares for reported $2.39 million on May 16 ’24. In the deal valued at $265.00 per share,9,005 shares were sold. As a result of this transaction, Blair Rainer now holds 106,990 shares worth roughly $25.6 million.

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Then, Blair Rainer sold 19,085 shares, generating $4,866,675 in total proceeds. Upon selling the shares at $255.00, the President & CEO now owns 115,995 shares.

Before that, McGrew Matthew sold 46,377 shares. Danaher Corp. shares valued at $11,735,856 were divested by the EVP & Chief Financial Officer at a price of $253.05 per share. As a result of the transaction, McGrew Matthew now holds 29,407 shares, worth roughly $7.04 million.

A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. Barclays also remained covering DHR and has decreased its forecast on January 24, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. HSBC Securities started covering the stock on December 18, 2023. It rated DHR as “a Hold”.

Price Performance Review of DHR

On Friday, Danaher Corp. [NYSE:DHR] saw its stock fall -0.31% to $239.25. Over the last five days, the stock has lost -4.97%. Danaher Corp. shares have risen nearly 3.42% since the year began. Nevertheless, the stocks have risen 13.70% over the past one year. While a 52-week high of $269.11 was reached on 06/06/24, a 52-week low of $182.09 was recorded on 01/18/24. SMA at 50 days reached $255.05, while 200 days put it at $235.85. A total of 3.85 million shares were traded, compared to the trading of 1.94 million shares in the previous session.

Levels Of Support And Resistance For DHR Stock

The 24-hour chart illustrates a support level at 238.02, which if violated will result in even more drops to 236.80. On the upside, there is a resistance level at 240.95. A further resistance level may holdings at 242.65. The Relative Strength Index (RSI) on the 14-day chart is 32.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.23%. Stochastics%K at 4.32% indicates the stock is a buying.

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