Dover Corp. [DOV] Stock sold by Insider Cerepak Brad M for $1.99 million

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Dover Corp.’s recently made public that its Senior Vice President and CFO Cerepak Brad M unloaded Company’s shares for reported $1.99 million on Dec 05. In the deal valued at $142.00 per share,14,000 shares were sold. As a result of this transaction, Cerepak Brad M now holds 35,938 shares worth roughly $5.77 million.

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Then, Kosinski Anthony K sold 664 shares, generating $94,049 in total proceeds. Upon selling the shares at $141.64, the VP Tax now owns 5,333 shares.

Before that, Cerepak Brad M sold 4,631 shares. Dover Corp. shares valued at $657,602 were divested by the Senior Vice President and CFO at a price of $142.00 per share. As a result of the transaction, Cerepak Brad M now holds 49,938 shares, worth roughly $8.02 million.

Seaport Research Partners upgraded its Dover Corp. [DOV] rating to a Buy from a a Neutral in a research note published recently.

Price Performance Review of DOV

On Friday, Dover Corp. [NYSE:DOV] saw its stock jump 0.26% to $160.53. Over the last five days, the stock has gained 1.12%. Dover Corp. shares have risen nearly 4.37% since the year began. Nevertheless, the stocks have risen 4.14% over the past one year. While a 52-week high of $162.48 was reached on 02/07/24, a 52-week low of $127.25 was recorded on 01/17/24. SMA at 50 days reached $150.00, while 200 days put it at $143.37. A total of 1.02 million shares were traded, compared to the trading of 1.04 million shares in the previous session.

Levels Of Support And Resistance For DOV Stock

The 24-hour chart illustrates a support level at 159.62, which if violated will result in even more drops to 158.70. On the upside, there is a resistance level at 161.19. A further resistance level may holdings at 161.84. The Relative Strength Index (RSI) on the 14-day chart is 70.82, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.45%. Stochastics %K at 86.04% indicates the stock is a selling.

How much short interest is there in Dover Corp.?

A steep rise in short interest was recorded in Dover Corp. stocks on Jan 31, 2024, growing by 20000.0 shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 1.85 million shares. There was a rise of 1.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.74% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.26.

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