Dover Corp.’s recently made public that 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 $3.06 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 $4.08 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 fall -0.81% to $170.67. Over the last five days, the stock has lost -3.07%. Dover Corp. shares have risen nearly 10.96% since the year began. Nevertheless, the stocks have risen 15.71% 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 $169.28, while 200 days put it at $149.77. A total of 0.63 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For DOV Stock
The 24-hour chart illustrates a support level at 168.70, which if violated will result in even more drops to 166.73. On the upside, there is a resistance level at 173.76. A further resistance level may holdings at 176.85. The Relative Strength Index (RSI) on the 14-day chart is 44.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.63%. Stochastics %K at 12.92% indicates the stock is a buying.
