Shares of Dover Corporation (DOV) Sees Large Inflow of Net Money Flow

Dover Corporation (DOV) : Fridays money flow points at investors jumping to buy the stock on the weakness of price. $24.2 million worth of transactions were on upticks, whereas, the downticks accounted for $17.09 million worth of transactions. The net money flow was a positive $7.11 million and the uptick to downtick ratio was 1.42. The net money flow into the stock was $6.85 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $6.85 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Dover Corporation (DOV) was trading at $71.27, down $0.64 during day. The stock slid -0.89% over the previous days close. For the week, the stock recorded -2.52% over the previous weeks close.


Dover Corporation (DOV) : 11 investment research analysts covering Dover Corporation (DOV) have an average price target of $74.36 for the near short term. The highest target price given by the Brokerage Firm to the stock is $87 and the lowest target is $59 for the short term. Analysts expect the variance to be within $9.7 of the average price.

Dover Corporation (NYSE:DOV): On Fridays trading session , Opening price of the stock was $71.82 with an intraday high of $71.86. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $70.25. However, the stock managed to close at $71.27, a loss of 0.89% for the day. On the previous day, the stock had closed at $71.91. The total traded volume of the day was 1,667,000 shares.

In a related news,The director officer (CEO and President) of Dover Corp, Livingston Robert sold 5,000 shares at $76.84 on May 20, 2015. The Insider selling transaction had a total value worth of $384,200. The Insider information was disclosed with 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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