Large Inflow of Money Witnessed in Flowserve Corporation

Flowserve Corporation (FLS) : The money flow analysis of Flowserve Corporation (FLS) indicates a $5.97 million of outflow was on downticks, whereas, the investors on Thursday gobbled up stocks worth $16.02 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 2.68 and so was the total money flow at $10.04 million. The bulls lapped up $10.25 million worth of block trades on upticks. The money flow was $10.25 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Flowserve Corporation (FLS), pushing it down by -0.11% for the day. The stock slid $0.05 and traded at $44.82 during the day. Nonetheless, the stock is -1.39% over the previous weeks close.


Flowserve Corporation (FLS) : The consensus price target for Flowserve Corporation (FLS) is $45.42 for the short term with a standard deviation of $5.26. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $55, however, the pessimist price target for the company is $35. The stock has recorded a 20-day Moving Average of 6.26% and the 50-Day Moving Average is 5.25%.

Flowserve Corporation (NYSE:FLS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.12 and $44.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $45.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.95, notching a gain of 0.18% for the day. The total traded volume was 1,324,253 . The stock had closed at $44.87 on the previous day.

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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