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Taking a look at what insiders are doing to gauge the Dover Corp (DOV)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dover Corp shares valued at $201,565 were purchased by Juneja Girish on Nov 07 ’24. At $201.56 per share, Juneja Girish acquired 1,000 shares.

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Also, Cerepak Brad M sold 14,818 shares, netting a total of over 2,593,150 in proceeds. Following the sale of shares at $175.00 each, the insider now holds 12,324 shares.

Before that, Cerepak Brad M had added 14,818 shares to its account. In a trade valued at $2,578,247, the Officer bought Dover Corp shares for $173.99 each.

As published in a research note from Wolfe Research on October 28, 2024, Dover Corp [DOV] has been rated up from a Peer perform to an Outperform and the price target has been revised to $227. Analysts at Seaport Research Partners upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of December 13, 2022, Credit Suisse has initiated its “an Outperform” rating for DOV. Earlier on April 08, 2022, Barclays downgraded its rating. Their new recommendation was “an Equal weight” for DOV stock which previously was a “an Overweight”.

Analyzing DOV Stock Performance

During the last five days, there has been a surge of approximately 6.57%. Over the course of the year, Dover Corp shares have jumped approximately 31.17%. Shares of the company reached a 52-week high of $204.05 on 11/06/24 and a 52-week low of $143.96 on 01/17/24. A 50-day SMA is recorded $188.75, while a 200-day SMA reached $178.77. Nevertheless, trading volume fell to 0.74 million shares from 1.25 million shares the previous day.

Support And Resistance Levels for Dover Corp (DOV)

According to the 24-hour chart, there is a support level at 200.56, which, if violated, would cause prices to drop to 199.37. In the upper region, resistance lies at 202.89. The next price resistance is at 204.03. RSI (Relative Strength Index) is 65.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.76, which suggests the price will increase in the coming days. Percent R is at 10.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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