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 $6,226,497 were sold by Raskas Daniel on Nov 26 ’24. At $236.59 per share, Raskas Daniel sold 26,318 shares. The insider’s holdings dropped to 15,225 shares worth approximately $3.48 million following the completion of this transaction.
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Also, Raskas Daniel sold 8,370 shares, netting a total of over 1,992,060 in proceeds. Following the sale of shares at $238.00 each, the insider now holds 15,225 shares.
Before that, Raskas Daniel had added 26,318 shares to its account. In a trade valued at $6,226,496, the Officer bought Danaher Corp shares for $236.59 each.
As published in a research note from BofA Securities on December 13, 2024, Danaher Corp [DHR] has been rated up from a Neutral to a Buy and the price target has been revised to $290. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of October 01, 2024, Stephens has initiated its “an Overweight” rating for DHR. Earlier on August 28, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for DHR stock.
Analyzing DHR Stock Performance
During the last five days, there has been a drop of approximately -3.02%. Over the course of the year, Danaher Corp shares have dropped approximately -1.31%. 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 $245.32, while a 200-day SMA reached $255.16. Nevertheless, trading volume fell to 4.55 million shares from 3.19 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 226.15, which, if violated, would cause prices to drop to 224.00. In the upper region, resistance lies at 232.39. The next price resistance is at 236.48. RSI (Relative Strength Index) is 34.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.79, which suggests the price will decrease in the coming days. Percent R is at 92.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
