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Investing in Dover Corp. (DOV): What You Must Know

In a filing, Dover Corp. revealed its Officer Cerepak Brad M acquired Company’s shares for reported $2.58 million on Sep 06 ’24. In the deal valued at $173.99 per share,14,818 shares were bought.

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Then, Cabrera Ivonne M sold 1,220 shares, generating $225,700 in total proceeds. Upon selling the shares at $185.00, the SVP, General Counsel & Secr. now owns 47,060 shares.

Before that, Cabrera Ivonne M bought 1,220 shares. Dover Corp. shares valued at $228,140 were divested by the Officer at a price of $187.00 per share.

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 2.00% to $178.89. Over the last five days, the stock has lost -3.84%. Dover Corp. shares have risen nearly 16.31% since the year began. Nevertheless, the stocks have risen 26.23% over the past one year. While a 52-week high of $192.31 was reached on 07/17/24, a 52-week low of $127.25 was recorded on 01/17/24. SMA at 50 days reached $180.25, while 200 days put it at $169.48.

Levels Of Support And Resistance For DOV Stock

The 24-hour chart illustrates a support level at 176.85, which if violated will result in even more drops to 174.81. On the upside, there is a resistance level at 180.14. A further resistance level may holdings at 181.38. The Relative Strength Index (RSI) on the 14-day chart is 48.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.59%. Stochastics %K at 24.35% 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 2024-08-15, dropping by -0.75 million shares to a total of 1.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.54 million shares. There was a decline of -41.95%, which implies that there is a negative sentiment for the stock.

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