Flowserve Corporation (FLS) : Traders are bullish on Flowserve Corporation (FLS) as it has outperformed the S&P 500 by a wide margin of 1.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.42%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.36% in the last 1 week, and is up 5.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 1.49% and the 50-Day Moving Average is 0.06%. Flowserve Corp. has dropped 1.59% during the last 3-month period . Year-to-Date the stock performance stands at 14.61%.
Flowserve Corporation (NYSE:FLS): On Fridays trading session , Opening price of the stock was $49.13 with an intraday high of $49.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $47.18. However, the stock managed to close at $47.85, a loss of 3.14% for the day. On the previous day, the stock had closed at $49.4. The total traded volume of the day was 2,693,335 shares.
Also, KeyBanc initiates coverage on Flowserve Corporation (NYSE:FLS). KeyBanc has a Sector Weight rating on the shares. The rating by the firm was issued on May 10, 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.