Shares of Flowserve Corporation (FLS) Sees Large Outflow of Money

Flowserve Corporation (FLS) : Net money flow in Flowserve Corporation (FLS) was negative ($44.75 million) and the inflow of money on uptick was $17.83 million, whereas, the outflow of money on downticks amounted to $62.58 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.28. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $3.32 million. On the other hand, the total value of block trades done on downticks was $47.63 million. The ratio of uptick to downtick block trades was 0.07. The money flow in block trades was negative ($44.31). Flowserve Corporation (FLS) gained $0.89 cent during the day and reached $48.6, a gain of 1.87% over the previous day.


The stock has recorded a 20-day Moving Average of 3.75% and the 50-Day Moving Average is 2.71%. Shares have dropped -8.45% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $52.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $48.03 and the 200 Day Moving Average price is recorded at $44.10.

Flowserve Corporation (NYSE:FLS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $48.34 and $48.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.60, notching a gain of 1.87% for the day. The total traded volume was 4,037,857 . The stock had closed at $47.71 on the previous day.

In an insider trading activity, Gillespie Keith E., officer (Chief Strategy & Admin Officer) of Flowserve Corp, executed a transaction worth $499,505 on August 6, 2015. A total of 10,719 shares were purchased at an average price of $46.6. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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