In a filing, Dover Corp. revealed its Senior VP & CFO Cerepak Brad M unloaded Company’s shares for reported $1.06 million on Mar 13 ’24. In the deal valued at $176.71 per share,6,000 shares were sold. As a result of this transaction, Cerepak Brad M now holds 17,909 shares worth roughly $3.15 million.
Then, Todd Stephen M. sold 1,500 shares, generating $256,785 in total proceeds. Upon selling the shares at $171.19, the Director now owns 22,955 shares.
Before that, Cerepak Brad M sold 18,410 shares. Dover Corp. shares valued at $3,001,088 were divested by the Senior VP & CFO at a price of $163.01 per share. As a result of the transaction, Cerepak Brad M now holds 23,909 shares, worth roughly $4.21 million.
Seaport Research Partners upgraded its Dover Corp. [DOV] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Barclays also remained covering DOV and has decreased its forecast on April 08, 2022 with a “an Equal weight” recommendation from previously “an Overweight” rating. Oppenheimer revised its rating on January 07, 2022. It rated DOV as “an Outperform” which previously was an “a Perform”.
Price Performance Review of DOV
On Monday, Dover Corp. [NYSE:DOV] saw its stock jump 0.14% to $176.08. Over the last five days, the stock has gained 0.31%. Dover Corp. shares have risen nearly 14.48% since the year began. Nevertheless, the stocks have risen 23.23% over the past one year. While a 52-week high of $178.28 was reached on 03/21/24, a 52-week low of $127.25 was recorded on 01/17/24. SMA at 50 days reached $167.12, while 200 days put it at $149.01. A total of 1.06 million shares were traded, compared to the trading of 0.11 million shares in the previous session.
Levels Of Support And Resistance For DOV Stock
The 24-hour chart illustrates a support level at 175.68, which if violated will result in even more drops to 175.27. On the upside, there is a resistance level at 176.85. A further resistance level may holdings at 177.62. The Relative Strength Index (RSI) on the 14-day chart is 60.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.04%. Stochastics %K at 45.45% indicates the stock is a holding.
How much short interest is there in Dover Corp.?
A steep rise in short interest was recorded in Dover Corp. stocks on Mar 15, 2024, growing by 2.82 million shares to a total of 4.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.94 million shares. There was a rise of 59.24%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.49% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.08.
