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Danaher (DHR) Catches Eye: Stock Jumps 8.5%

Zacks Equity Research

Danaher Corporation DHR was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 15.8% in the past one-month time frame.

The move came after the company announced that it has inked a definitive agreement with General Electric to acquire the latter’s biopharmaceutical business for roughly $21.4 billion.

The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Danaher currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Danaher Corporation Price

Danaher Corporation Price | Danaher Corporation Quote

Investors interested in the Diversified Operations industry may consider Griffon Corporation GFF, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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