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Examining the Potential Price Growth of Dover Corp (DOV)

Dover Corp’s recent filing unveils that its SVP, General Counsel & Secr. Cabrera Ivonne M unloaded Company’s shares for reported $0.51 million on Nov 11 ’24. In the deal valued at $204.31 per share,2,500 shares were sold. As a result of this transaction, Cabrera Ivonne M now holds 56,579 shares worth roughly $11.38 million.

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Then, Cabrera Ivonne M bought 2,500 shares, generating $510,636 in total proceeds.

Before that, Juneja Girish sold 1,000 shares. Dover Corp shares valued at $201,620 were divested by the Senior VP & CDO at a price of $201.62 per share. As a result of the transaction, Juneja Girish now holds 8,345 shares, worth roughly $1.68 million.

UBS initiated its Dover Corp [DOV] rating to a Neutral in a research note published on November 13, 2024; the price target was $217. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in late October from “a Peer perform” to “an Outperform”. Seaport Research Partners also remained covering DOV and has increased its forecast on February 05, 2024 with a “Buy” recommendation from previously “Neutral” rating. Credit Suisse started covering the stock on December 13, 2022. It rated DOV as “an Outperform”.

Price Performance Review of DOV

On Friday, Dover Corp [NYSE:DOV] saw its stock fall -0.45% to $201.18. Over the last five days, the stock has lost -0.16%. Dover Corp shares have risen nearly 30.80% since the year began. Nevertheless, the stocks have risen 44.91% over the past one year. While a 52-week high of $204.93 was reached on 11/13/24, a 52-week low of $136.13 was recorded on 01/17/24. SMA at 50 days reached $191.54, while 200 days put it at $180.30.

Levels Of Support And Resistance For DOV Stock

The 24-hour chart illustrates a support level at 199.94, which if violated will result in even more drops to 198.70. On the upside, there is a resistance level at 203.04. A further resistance level may holdings at 204.90. The Relative Strength Index (RSI) on the 14-day chart is 60.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.89%. Stochastics %K at 84.96% 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 2024-10-31, dropping by -0.26 million shares to a total of 1.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.57 million shares. There was a decline of -19.47%, which implies that there is a negative sentiment for the stock.

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