Shares of Flowserve Corp. /zigman2/quotes/203982564/composite FLS -0.31% shed 4.35% to $29.88 Monday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -0.05% falling 3.20% to 3,991.24 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.02% falling 1.99% to 32,245.70. This was the stock's third consecutive day of losses. Flowserve Corp. closed $14.51 short of its 52-week high ($44.39), which the company achieved on June 8th.
The stock underperformed when compared to some of its competitors Monday, as Illinois Tool Works Inc. /zigman2/quotes/208031922/composite ITW -0.29% rose 0.08% to $209.44, Parker Hannifin Corp. /zigman2/quotes/202924304/composite PH -0.23% fell 0.13% to $271.19, and Dover Corp. /zigman2/quotes/208444467/composite DOV +0.30% fell 0.68% to $132.10. Trading volume (1.5 M) remained 120,475 below its 50-day average volume of 1.6 M.