Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Danaher Corp. shares valued at $4,502,216 were purchased by Weidemanis Joakim on Oct 23 ’24. At $254.95 per share, Weidemanis Joakim acquired 17,659 shares.
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Also, Couchara Georgeann sold 952 shares, netting a total of over 255,483 in proceeds. Following the sale of shares at $268.37 each, the insider now holds 4,212 shares.
Before that, Couchara Georgeann had added 952 shares to its account. In a trade valued at $255,483, the Officer bought Danaher Corp. shares for $268.37 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 -8.82%. Over the course of the year, Danaher Corp. shares have jumped approximately 7.20%. 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 $269.98, while a 200-day SMA reached $255.87. Nevertheless, trading volume fell to 3.99 million shares from 4.72 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 245.31, which, if violated, would cause prices to drop to 242.63. In the upper region, resistance lies at 253.19. The next price resistance is at 258.38. RSI (Relative Strength Index) is 28.43 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.02, which suggests the price will decrease in the coming days. Percent R is at 99.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
