Danaher's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
A significant bearish sentiment has been observed in Danaher's (NYSE:DHR) options trading, with 62% of trades being bearish. The trading activity suggests a targeted price range of $230.0 to $265.0 for Danaher over the next three months. The largest trades include both bearish and bullish positions, with a notable volume and open interest in calls and puts within this price range. Danaher's stock is currently down -1.07% at $250.5, with neutral RSI indicators and earnings expected in 39 days.
March 15, 2024 | 7:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Danaher has seen a bearish trend in options trading, with a focus on a price range of $230 to $265. The stock is currently down, trading at $250.5, amidst neutral RSI indicators.
The bearish sentiment in options trading, combined with the current dip in stock price and neutral RSI indicators, suggests a short-term negative impact on Danaher's stock. The anticipation of earnings in 39 days adds to the uncertainty, potentially influencing investor sentiment and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100