Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dover Corp shares valued at $510,775 were sold by Cabrera Ivonne M on Nov 11 ’24. At $204.31 per share, Cabrera Ivonne M sold 2,500 shares. The insider’s holdings dropped to 56,579 shares worth approximately $10.59 million following the completion of this transaction.
Also, Cabrera Ivonne M purchased 2,500 shares, netting a total of over 510,636 in proceeds.
Before that, Juneja Girish had sold 1,000 shares from its account. In a trade valued at $201,620, the Senior VP & CDO traded Dover Corp shares for $201.62 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $1.56 million.
As published in their initiating research note from UBS on November 13, 2024, Dover Corp [DOV] has been a Neutral and the price target has been revised to $217. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of February 05, 2024, Seaport Research Partners has increased its “Neutral” rating to a “Buy” for DOV. Earlier on December 13, 2022, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for DOV stock.
Analyzing DOV Stock Performance
During the last five days, there has been a drop of approximately -0.20%. Over the course of the year, Dover Corp shares have dropped approximately -0.20%. Shares of the company reached a 52-week high of $190.30 on 01/06/25 and a 52-week low of $184.93 on 01/02/25. A 50-day SMA is recorded $196.80, while a 200-day SMA reached $185.50. Nevertheless, trading volume fell to 0.65 million shares from 0.69 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 185.87, which, if violated, would cause prices to drop to 184.52. In the upper region, resistance lies at 188.21. The next price resistance is at 189.20. RSI (Relative Strength Index) is 34.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 80.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
