Trade-Ideas: Danaher (DHR) Is Today's Unusual Social Activity Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified Danaher ( DHR) as an unusual social activity candidate. In addition to specific proprietary factors, Trade-Ideas identified Danaher as such a stock due to the following factors:

  • DHR has 10x the normal benchmarked social activity for this time of the day compared to its average of 2.90 mentions/day.
  • DHR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $235.4 million.

Identifying stocks with 'Unusual Social Activity' tends to be a valuable process for traders looking to capitalize on the 'talk of the town' stocks that are basking in far more attention from the StockTwits financial community than normal. Good press? Bad press? It ultimately doesn't matter if it's good or bad if you know how to trade around the sentiment. Certain hedge funds use such data for their proprietary algorithms and it is not uncommon to see shared social sentiment play itself out in a stock's price trend.

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More details on DHR:

Danaher Corporation designs, manufactures, and markets professional, medical, industrial, and commercial products and services worldwide. The stock currently has a dividend yield of 0.6%. DHR has a PE ratio of 23.3. Currently there are 12 analysts that rate Danaher a buy, no analysts rate it a sell, and 2 rate it a hold.

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