Behind the Scenes of Danaher's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Danaher (NYSE:DHR) shows a bullish trend, with 66% of trades being bullish and 33% bearish. The trades include 10 calls totaling $540,890 and 2 puts totaling $140,215, indicating a price target range of $95.0 to $310.0. Danaher's stock is slightly up at $241.77, with analysts giving an average target price of $272.4. Citigroup and Raymond James maintain positive ratings, while Barclays has downgraded its rating.
February 14, 2024 | 8:01 pm
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POSITIVE IMPACT
Danaher's bullish options trading activity and positive analyst ratings suggest a potential short-term increase in stock price.
The bullish sentiment in options trading, combined with the positive outlook from analysts and a slight increase in stock price, indicates a favorable short-term outlook for Danaher. The average target price of $272.4 by analysts further supports this potential upward movement. However, the mention of the stock potentially approaching overbought territory suggests caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100