The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Flowserve Corp shares valued at $2,842,583 were sold by Rowe Robert Scott on May 23 ’24. At $49.24 per share, Rowe Robert Scott sold 57,731 shares. The insider’s holdings dropped to 349,512 shares worth approximately $15.6 million following the completion of this transaction.
Also, Rowe Robert Scott sold 42,269 shares, netting a total of over 2,112,605 in proceeds. Following the sale of shares at $49.98 each, the insider now holds 407,243 shares.
As published in a research note from Robert W. Baird on March 17, 2025, Flowserve Corp [FLS] has been rated up from a Neutral to an Outperform and the price target has been revised to $71. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of November 22, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for FLS.
Analyzing FLS Stock Performance
During the last five days, there has been a surge of approximately 5.76%. Over the course of the year, Flowserve Corp shares have dropped approximately -22.43%. Shares of the company reached a 52-week high of $65.08 on 01/22/25 and a 52-week low of $37.34 on 04/07/25. A 50-day SMA is recorded $49.47, while a 200-day SMA reached $53.29.
Support And Resistance Levels for Flowserve Corp (FLS)
According to the 24-hour chart, there is a support level at 42.86, which, if violated, would cause prices to drop to 41.10. In the upper region, resistance lies at 45.59. The next price resistance is at 46.56. RSI (Relative Strength Index) is 48.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.97, which suggests the price will decrease in the coming days. Percent R is at 6.31%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
