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 $2.33 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 $8.9 million.
Wolfe Research upgraded its Dover Corp [DOV] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “a Buy”. Credit Suisse began covering DOV with “an Outperform” recommendation on December 13, 2022. Barclays revised its rating on April 08, 2022. It rated DOV as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of DOV
On Monday, Dover Corp [NYSE:DOV] saw its stock jump 0.03% to $189.16. Over the last five days, the stock has lost -1.71%. Dover Corp shares have risen nearly 22.98% since the year began. Nevertheless, the stocks have risen 41.95% over the past one year. While a 52-week high of $195.68 was reached on 10/17/24, a 52-week low of $129.63 was recorded on 01/17/24. SMA at 50 days reached $187.77, while 200 days put it at $178.02.
Levels Of Support And Resistance For DOV Stock
The 24-hour chart illustrates a support level at 187.89, which if violated will result in even more drops to 186.61. On the upside, there is a resistance level at 191.09. A further resistance level may holdings at 193.02. The Relative Strength Index (RSI) on the 14-day chart is 48.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.44%. Stochastics %K at 48.87% 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 2024-10-15, dropping by -0.51 million shares to a total of 1.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.92 million shares. There was a decline of -36.25%, which implies that there is a negative sentiment for the stock.
