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1.52%
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Why is Danaher Corp (DHR) Stock down?
We've noticed a 9.73% decline in Danaher Corp (DHR) stock during the 2025-01-29 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
02 Oct, 2023:
Danaher (DHR) dropped by 13.85% from $248.10 to $213.74 in the trading on Monday October 2, 2023. The reasons why stock DHR is down today includes:
- Spinoff of Veralto: Danaher completed the spinoff of its environmental and applied solutions segment, Veralto, on October 2, 2023. This spinoff reduced the size and scope of Danaher's business, and it is possible that some investors are selling their DHR shares as a result.
- Concerns about COVID-related product demand: Danaher has been making a lot of money from selling products related to COVID-19. But now, the demand for these products is going down, and this is probably causing Danaher's stock price to go down.
- Downgrade: DHR stock down is also due to a reduction in the target price by Leerink Partners, downgrading it from $290 to $230.
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