Flowserve Corporation (FLS) Shares are Up 1.28%

Flowserve Corporation (FLS) has been under a strong bear grip, hence the stock is down -3.2% 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 1.22% in the past 1 week. The stock has risen by 1.28% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.2% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.12% and the 50-Day Moving Average is 0.7%. Flowserve Corporation (NYSE:FLS): On Fridays trading session , Opening price of the stock was $47.73 with an intraday high of $47.74. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $47.25. However, the stock managed to close at $47.49, a loss of 0.69% for the day. On the previous day, the stock had closed at $47.82. The total traded volume of the day was 567,900 shares.


The company Insiders own 0.95% of Flowserve Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -26.66% . Institutional Investors own 99.12% of Flowserve Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -26.66%. Also, BMO Capital maintains its rating on Flowserve Corporation (NYSE:FLS). The global brokerage major lowers the current price target from $44 per share to $42 per share. Analysts at the BMO Capital have a current rating of Market Perform on the shares. The rating by the firm was issued on August 1, 2016.

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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