Large Outflow of Money Witnessed in Flowserve Corporation

Flowserve Corporation (FLS) : Net money flow in Flowserve Corporation (FLS) was negative ($1.03 million) and the inflow of money on uptick was $1.64 million, whereas, the outflow of money on downticks amounted to $2.67 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.61. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $1.16 million. The money flow in block trades was negative ($1.16). Flowserve Corporation (FLS) gained $0.36 cent during the day and reached $45.99, a gain of 0.79% over the previous day.


Shares of Flowserve Corp. appreciated by 0.17% during the last five trading days but lost 4.49% on a 4-week basis. Flowserve Corp. is up 6.33% in the last 3-month period. Year-to-Date the stock performance stands at 13.05%.

Flowserve Corporation (FLS) : The consensus on Flowserve Corporation (FLS) based on 17 analyst recommendation on the company stock is 2.76, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 13 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Flowserve Corporation (NYSE:FLS): The stock opened at $45.84 and touched an intraday high of $47.26 on Wednesday. During the day, the stock corrected to an intraday low of $45.75, however, the bulls stepped in and pushed the price higher to close in the green at $47.2 with a gain of 3.44% for the day. The total traded volume for the day was 1,023,026. The stock had closed at $45.82 in the previous trading session.

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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