Dover Corporation (DOV) has risen sharply, recording gains of 5.65% in the past 4 weeks. However, the stock has corrected -2.52% in the past 1 week, providing a good buying opportunity on dips. Dover Corporation (DOV) : During the past 4 weeks, traders have been relatively bearish on Dover Corporation (DOV), hence the stock is down -1.04% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.11% relative to the S&P 500.
Dover Corporation (NYSE:DOV): The stock opened at $71.82 on Friday but the bulls could not build on the opening and the stock topped out at $71.86 for the day. The stock traded down to $70.25 during the day, due to lack of any buying support eventually closed down at $71.27 with a loss of -0.89% for the day. The stock had closed at $71.91 on the previous day. The total traded volume was 1,667,000 shares.
The stock has recorded a 20-day Moving Average of 1.67% and the 50-Day Moving Average is 3.69%. Dover Corporation is up 6.49% in the last 3-month period. Year-to-Date the stock performance stands at 17.81%.
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.