This Is What Whales Are Betting On Danaher
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Danaher (NYSE:DHR), with a significant move in options trading. Benzinga's tracking revealed 9 extraordinary options activities, with a majority being puts. The trading focuses on a price band between $230.0 and $247.5. Despite this, an analyst from Barclays maintains an Equal-Weight rating on DHR, with a target price of $260. The company's stock is currently down by -0.87%, with an earnings announcement expected in 11 days.
April 12, 2024 | 5:32 pm
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Bearish options trading activity observed in Danaher, with a focus on puts. However, Barclays maintains an Equal-Weight rating with a $260 target price. The stock is currently experiencing a slight decline.
The bearish sentiment among options traders, indicated by the predominance of puts, suggests a short-term negative impact on DHR's stock price. However, the analyst rating from Barclays with a target price above the current trading price provides a counterbalance. The upcoming earnings announcement adds uncertainty, potentially influencing stock price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100