In a filing, Flowserve Corp revealed its President & CEO Rowe Robert Scott unloaded Company’s shares for reported $2.84 million on May 23 ’24. In the deal valued at $49.24 per share,57,731 shares were sold. As a result of this transaction, Rowe Robert Scott now holds 349,512 shares worth roughly $18.71 million.
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Then, Rowe Robert Scott sold 42,269 shares, generating $2,112,605 in total proceeds. Upon selling the shares at $49.98, the President & CEO now owns 407,243 shares.
Before that, Wilson Kirk sold 20,000 shares. Flowserve Corp shares valued at $842,460 were divested by the President, FCD at a price of $42.12 per share. As a result of the transaction, Wilson Kirk now holds 46,832 shares, worth roughly $2.51 million.
A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late September from “a Hold” to “a Buy”. BofA Securities also remained covering FLS and has increased its forecast on January 30, 2023 with a “Buy” recommendation from previously “Neutral” rating. Credit Suisse revised its rating on September 15, 2022. It rated FLS as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of FLS
On Friday, Flowserve Corp [NYSE:FLS] saw its stock jump 1.71% to $53.54. Over the last five days, the stock has gained 1.67%. Flowserve Corp shares have risen nearly 29.89% since the year began. Nevertheless, the stocks have risen 46.85% over the past one year. While a 52-week high of $55.90 was reached on 10/17/24, a 52-week low of $35.80 was recorded on 01/08/24. SMA at 50 days reached $50.88, while 200 days put it at $47.37.
Levels Of Support And Resistance For FLS Stock
The 24-hour chart illustrates a support level at 52.92, which if violated will result in even more drops to 52.29. On the upside, there is a resistance level at 54.06. A further resistance level may holdings at 54.58. The Relative Strength Index (RSI) on the 14-day chart is 54.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.76%. Stochastics %K at 53.13% indicates the stock is a holding.
How much short interest is there in Flowserve Corp?
A steep rise in short interest was recorded in Flowserve Corp stocks on 2024-10-15, dropping by 53489.0 shares to a total of 1.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.72 million shares. There was a decline of -3.21%, which implies that there is a negative sentiment for the stock.
