Large Inflow of Money Detected in Dover Corporation

Dover Corporation (DOV) : On Wednesday, The money flowed into the Dover Corporation (DOV) stock with an uptick to downtick ratio was recorded at 3.26. Transactions worth $3.09 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $0.95 million. The total money flow into the stock was $2.14 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $1.77 million of block transactions on upticks. The total money flow in block trades was $1.77 million. In terms of price action, Dover Corporation (DOV) traded down $0.2 during the session at $72.77. Compared to the previous days closing, the stock was down only by -0.27%. For the week, the stock is -0.47%, over previous weeks closing.


Also, Equity Analysts at the Bernstein upgrades the rating on Dover Corporation (NYSE:DOV). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Market Perform. The rating by the firm was issued on June 10, 2016.

Dover Corporation (NYSE:DOV): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $73.02 and $72.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $73.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $73.05, notching a gain of 0.11% for the day. The total traded volume was 1,590,825 . The stock had closed at $72.97 on the previous day.

The stock has recorded a 20-day Moving Average of 4.47% and the 50-Day Moving Average is 6.8%. In a related news, The director officer (CEO and President), of Dover Corp, Livingston Robert had unloaded 5,000 shares at $76.84 per share in a transaction on May 20, 2015. The total value of transaction was $384,200. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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