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 $14.15 million.
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.
Robert W. Baird upgraded its Flowserve Corp [FLS] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid December from “a Sell” to “a Neutral”. RBC Capital Mkts also remained covering FLS and has increased its forecast on November 22, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating.
Price Performance Review of FLS
On Monday, Flowserve Corp [NYSE:FLS] saw its stock fall -3.00% to $40.48. Over the last five days, the stock has lost -4.26%. Flowserve Corp shares have fallen nearly -29.62% since the year began. Nevertheless, the stocks have fallen -11.36% over the past one year. While a 52-week high of $65.08 was reached on 01/22/25, a 52-week low of $37.34 was recorded on 04/07/25. SMA at 50 days reached $50.69, while 200 days put it at $53.35.
Levels Of Support And Resistance For FLS Stock
The 24-hour chart illustrates a support level at 39.78, which if violated will result in even more drops to 39.07. On the upside, there is a resistance level at 41.26. A further resistance level may holdings at 42.03. The Relative Strength Index (RSI) on the 14-day chart is 33.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.26%. Stochastics %K at 31.31% 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 2025-03-31, dropping by 8744.0 shares to a total of 2.05 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 2.06 million shares. There was a decline of -0.43%, which implies that there is a negative sentiment for the stock.
