In a filing, Dover Corp. revealed its Senior VP & CFO Cerepak Brad M unloaded Company’s shares for reported $2.59 million on Sep 06 ’24. In the deal valued at $175.00 per share,14,818 shares were sold. As a result of this transaction, Cerepak Brad M now holds 12,324 shares worth roughly $2.38 million.
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Then, Cerepak Brad M bought 14,818 shares, generating $2,578,247 in total proceeds.
Before that, Cabrera Ivonne M sold 1,220 shares. Dover Corp. shares valued at $225,700 were divested by the SVP, General Counsel & Secr. at a price of $185.00 per share. As a result of the transaction, Cabrera Ivonne M now holds 47,060 shares, worth roughly $9.07 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 -0.84% to $192.74. Over the last five days, the stock has lost -0.51%. Dover Corp. shares have risen nearly 25.31% since the year began. Nevertheless, the stocks have risen 43.38% over the past one year. While a 52-week high of $195.68 was reached on 10/17/24, a 52-week low of $127.25 was recorded on 01/17/24. SMA at 50 days reached $185.72, while 200 days put it at $175.87.
Levels Of Support And Resistance For DOV Stock
The 24-hour chart illustrates a support level at 191.85, which if violated will result in even more drops to 190.96. On the upside, there is a resistance level at 194.07. A further resistance level may holdings at 195.39. The Relative Strength Index (RSI) on the 14-day chart is 57.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.49%. Stochastics %K at 84.31% 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 2024-09-30, dropping by -1.16 million shares to a total of 1.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.73 million shares. There was a decline of -73.63%, which implies that there is a negative sentiment for the stock.
