Overall market sentiment has been high on Dover Corp (DOV) stock lately. DOV receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
Dover Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DOV!
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With DOV Stock Today?
Dover Corp (DOV) stock has gained 0.59% while the S&P 500 is lower by -1.26% as of 3:13 PM on Friday, Jul 22. DOV has risen $0.75 from the previous closing price of $127.40 on volume of 864,151 shares. Over the past year the S&P 500 is down -9.41% while DOV is lower by -21.90%. DOV earned $7.87 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.29.
More About Dover Corp
Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spinoff of Apergy, the company operates through five segments: engineered systems, clean energy and fueling solutions, imaging and identification, pumps and process solutions, and climate and sustainability technologies equipment.
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