Recent extremely meaningful negative changes in investment behavior have impacted Danaher Corp (NYSE: DHR): its longer term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Small negative changes in Danaher Corp (NYSE: DHR) fundamentals have recently occurred: the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Danaher has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Danaher has a neutral Appreciation Score of 58 and a neutral Power Rating of 46, producing the Neutral Value Trend Rating.
Recent Price Action
Danaher Corp (NYSE: DHR) stock closed at $230.50 on 11/15/24 after a decline of -3.7%. Moreover, exceptionally high trading volume at 206% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -6.3% during the last week.
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