Danaher Corp.’s filing revealed that its SVP, Human Resources Couchara Georgeann unloaded Company’s shares for reported $0.26 million on Aug 26 ’24. In the deal valued at $268.37 per share,952 shares were sold. As a result of this transaction, Couchara Georgeann now holds 4,212 shares worth roughly $1.15 million.
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Then, Couchara Georgeann bought 952 shares, generating $255,483 in total proceeds.
Before that, Glenstone Foundation bought 47,937 shares. Danaher Corp. shares valued at $12,808,766 were divested by the insider at a price of $267.20 per share.
Wells Fargo initiated its Danaher Corp. [DHR] rating to an Equal weight in a research note published on August 28, 2024; the price target was $280. HSBC Securities also remained covering DHR and has increased its forecast on April 17, 2024 with a “Buy” recommendation from previously “Hold” rating. Barclays revised its rating on January 24, 2024. It rated DHR as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of DHR
On Tuesday, Danaher Corp. [NYSE:DHR] saw its stock fall -1.29% to $272.47. Over the last five days, the stock has lost -0.82%. Danaher Corp. shares have risen nearly 17.78% since the year began. Nevertheless, the stocks have risen 20.43% over the past one year. While a 52-week high of $281.70 was reached on 08/01/24, a 52-week low of $182.09 was recorded on 01/18/24. SMA at 50 days reached $265.31, while 200 days put it at $250.07.
Levels Of Support And Resistance For DHR Stock
The 24-hour chart illustrates a support level at 270.21, which if violated will result in even more drops to 267.95. On the upside, there is a resistance level at 275.58. A further resistance level may holdings at 278.69. The Relative Strength Index (RSI) on the 14-day chart is 55.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.78%. Stochastics %K at 82.52% indicates the stock is a selling.
How much short interest is there in Danaher Corp.?
A steep rise in short interest was recorded in Danaher Corp. stocks on 2024-08-30, growing by 0.44 million shares to a total of 6.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 6.16 million shares. There was a rise of 6.65%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 18, 2023 when HSBC Securities began covering the stock and recommended ‘”a Hold”‘ rating .
