Shares of Flowserve Corporation (FLS) Rally 6.05%

Flowserve Corporation (FLS) has been under a strong bear grip, hence the stock is down -6.95% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.49% in the past 1 week. The stock has risen by 6.05% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.88% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 3.79% and the 50-Day Moving Average is 2.59%.

Flowserve Corporation (NYSE:FLS): The stock opened at $48.66 on Friday but the bulls could not build on the opening and the stock topped out at $48.91 for the day. The stock traded down to $48.51 during the day, due to lack of any buying support eventually closed down at $48.56 with a loss of -0.08% for the day. The stock had closed at $48.60 on the previous day. The total traded volume was 1,287,445 shares.


The company Insiders own 0.95% of Flowserve Corporation shares according to the proxy statements. Institutional Investors own 99.91% of Flowserve Corporation shares. In a related news, Gillespie Keith E., officer (Chief Strategy & Admin Officer) of Flowserve Corp had purchased 10,719 shares on August 6, 2015 in a transaction. The price per share was $46.6 and the total amount of the disclosed transaction was $499,505.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Flowserve Corporation is a manufacturer and aftermarket service provider of flow control systems. The Company develops and manufactures precision-engineered flow control equipment integral to the movement, control and protection of the flow of materials. The Company operates through three segments: Engineered Product Division (EPD), Industrial Product Division (IPD) and Flow Control Division (FCD). Its EPD designs, manufactures, distributes and services engineered pumps and pump systems, mechanical seals, auxiliary systems, replacement parts and related equipment. Its IPD designs, manufactures, distributes and services pre-configured engineered pumps and pump systems, including submersible motors, for industrial markets. The Companys FCD designs, manufactures, distributes and services a portfolio of industrial valve and automation solutions, including isolation and control valves, actuation, controls and related equipment.

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