Updated
Updated · MarketWatch · May 6
Flowserve stock rallies 4.5% and outperforms competitors
Updated
Updated · MarketWatch · May 6

Flowserve stock rallies 4.5% and outperforms competitors

11 articles · Updated · MarketWatch · May 6
  • Shares closed at $73.38 on Wednesday, beating gains by IDEX, Graco and Parker Hannifin as the S&P 500 rose 1.46% and the Dow added 1.24%.
  • The advance ended a six-day losing streak, while trading volume reached 4.0 million shares, well above the stock's 50-day average of 2.2 million.
  • Despite the rebound, Flowserve remains 20.59% below its 52-week high of $92.41, reached on 26 February.
Why are Flowserve insiders selling shares amidst a strong earnings beat and stock rally?
Can Flowserve's margin growth and new acquisition offset its revenue struggles from Middle East turmoil?