Flowserve Corporation (FLS) has risen sharply, recording gains of 4.79% in the past 4 weeks. However, the stock has corrected -1.81% in the past 1 week, providing a good buying opportunity on dips. Flowserve Corporation (FLS) : During the past 4 weeks, traders have been relatively bearish on Flowserve Corporation (FLS), hence the stock is down -1.84% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.41% relative to the S&P 500.
Flowserve Corporation (NYSE:FLS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.40 and $46.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $47.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.68, notching a gain of 0.44% for the day. The total traded volume was 864,759 . The stock had closed at $47.47 on the previous day.
The stock has recorded a 20-day Moving Average of 2.85% and the 50-Day Moving Average is 0.28%. Flowserve Corp. is up 1.84% in the last 3-month period. Year-to-Date the stock performance stands at 14.2%.
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.