Dover Corporation (NYSE:DOV) has been under a strong bear grip, hence the stock is down -2.05% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.42% in the past 1 week. The stock has risen by 1.71% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.47% in the past 4 weeks.
The company shares have rallied 6.58% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $72.36 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $68.51 and the 200 Day Moving Average price is recorded at $63.55.
The stock has recorded a 20-day Moving Average of 1.62% and the 50-Day Moving Average is 4.71%.
Dover Corporation (NYSE:DOV): stock turned positive on Friday. Though the stock opened at $69.56, the bulls momentum made the stock top out at $70.47 level for the day. The stock recorded a low of $69.5 and closed the trading day at $70.34, in the green by 2.34%. The total traded volume for the day was 1,850,642. The stock had closed at $68.73 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Livingston Robert, director officer (CEO and President) of Dover Corp, had unloaded 5,000 shares at an average price of $76.84 in a transaction dated on May 20, 2015. The total value of the transaction was worth $384,200.
Dover Corporation (Dover) is engaged in the manufacturing of equipment, components and specialty systems. The Company also provides supporting engineering, testing and other services. The Company operates through four business segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment serves the Drilling & Production, Bearings & Compression and Automation end markets, and provides solutions and services for production and processing of oil, natural gas liquids and gas around the world. The Engineered Systems segment manages its products and services through two business platforms, Printing & Identification and Industrials. The Fluids segment is focused on the handling of critical fluids across the retail fueling, chemical, hygienic and industrial markets. The Refrigeration & Food Equipment segment provides equipment and systems serving the commercial refrigeration and food service industries.