The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Danaher Corp. shares valued at $255,483 were sold by Couchara Georgeann on Aug 26 ’24. At $268.37 per share, Couchara Georgeann sold 952 shares. The insider’s holdings dropped to 4,212 shares worth approximately $1.13 million following the completion of this transaction.
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Also, Couchara Georgeann purchased 952 shares, netting a total of over 255,483 in proceeds.
Before that, Glenstone Foundation had added 47,937 shares to its account. In a trade valued at $12,808,766, the insider bought Danaher Corp. shares for $267.20 each.
As published in their initiating research note from Stephens on October 01, 2024, Danaher Corp. [DHR] has been an Overweight and the price target has been revised to $315. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late August. Earlier on April 17, 2024, HSBC Securities upgraded its rating. Their new recommendation was “a Buy” for DHR stock which previously was a “a Hold”.
Analyzing DHR Stock Performance
During the last five days, there has been a drop of approximately -0.45%. Over the course of the year, Danaher Corp. shares have jumped approximately 15.86%. Shares of the company reached a 52-week high of $281.70 on 08/01/24 and a 52-week low of $222.53 on 01/18/24. A 50-day SMA is recorded $270.39, while a 200-day SMA reached $254.92. Nevertheless, trading volume fell to 2.76 million shares from 1.91 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 265.61, which, if violated, would cause prices to drop to 263.20. In the upper region, resistance lies at 271.13. The next price resistance is at 274.23. RSI (Relative Strength Index) is 45.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 82.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
