Shares of Dover Corporation (DOV) Sees Large Outflow of Money

Dover Corporation (DOV) : The total money flow in Dover Corporation (DOV) was negative ($7.17 million), which signals selling by the traders on Thursdays session. They trimmed their holdings by selling the stock on downticks to the tune of $18.37 million. In comparison, the inflow of money into the stock on upticks was $11.2 million. The uptick to downtick ratio was 0.61. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $8.45 million. The value of transactions on uptick was $0.91 million. The negative money flow of ($7.54 million) confirms the selling in Dover Corporation (DOV) on strength. The uptick to downtick ratio of block trades was 0.11. Dover Corporation (DOV) gained $0.25 at $72.57, a gain of 0.35% over the previous days close. However, the stock registered 3.17% in the week.


The stock has recorded a 20-day Moving Average of 4.6% and the 50-Day Moving Average is 7.28%. Shares have rallied 6.86% 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 $68.70 and the 200 Day Moving Average price is recorded at $63.65.

Dover Corporation (NYSE:DOV): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $72.96 and $72.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $72.57, notching a gain of 0.35% for the day. The total traded volume was 836,449 . The stock had closed at $72.32 on the previous day.

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.

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