Large Inflow of Money Witnessed in Danaher Corporation

Danaher Corporation (DHR) : On Thursday, The money flowed into the Danaher Corporation (DHR) stock with an uptick to downtick ratio was recorded at 1.24. Transactions worth $57.87 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $46.74 million. The total money flow into the stock was $11.13 million. The block trades reveal a bullish bias with an up-down ratio of 2.9. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $13.59 million of block transactions on upticks. The value of block trades on downticks was $4.69 million, indicating lower selling interest. The total money flow in block trades was $8.9 million. In terms of price action, Danaher Corporation (DHR) traded down $0.04 during the session at $80.59. Compared to the previous days closing, the stock was down only by -0.04%. For the week, the stock is 3.91%, over previous weeks closing.


Danaher Corporation (DHR) stock is expected to deviate a maximum of $7.49 from the average target price of $104.43 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $120 and the most muted being $92. The stock has recorded a 20-day Moving Average of 17.1% and the 50-Day Moving Average is 17.37%.

Danaher Corporation (NYSE:DHR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.09 and $80.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.70, notching a gain of 0.10% for the day. The total traded volume was 4,150,913 . The stock had closed at $80.62 on the previous day.

Danaher Corporation (Danaher) designs, manufactures and markets professional, medical, industrial and commercial products and services. It operates in five segments: Test & Measurement; Environmental; Life Sciences & Diagnostics; Dental, and Industrial Technologies. The Test & Measurement segment offers test, measurement and monitoring products. The Environmental segment products and services help protect the global water supply, facilitate environmental stewardship and enhance the safety of personal data. The Companys diagnostics business offers analytical instruments, reagents, consumables, software and services. The Dental segment provides products that are used to diagnose, treat and prevent disease and ailments of the teeth, gums and supporting bone. The Companys Industrial Technologies solutions help protect the worlds food supply, improve packaging design and quality, verify pharmaceutical dosages and authenticity and power innovative machines.

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