Shares of Flowserve Corp. /zigman2/quotes/203982564/composite FLS +4.69% slid 3.41% to $32.83 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +3.06% falling 2.81% to 4,175.20 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.68% falling 2.38% to 33,240.18. This was the stock's fifth consecutive day of losses. Flowserve Corp. closed $11.56 short of its 52-week high ($44.39), which the company reached on June 8th.
The stock underperformed when compared to some of its competitors Tuesday, as Illinois Tool Works Inc. /zigman2/quotes/208031922/composite ITW +4.34% fell 2.70% to $198.60, Parker Hannifin Corp. /zigman2/quotes/202924304/composite PH +5.48% fell 2.47% to $271.38, and Dover Corp. /zigman2/quotes/208444467/composite DOV +3.91% fell 2.24% to $139.05. Trading volume (1.1 M) remained 547,780 below its 50-day average volume of 1.6 M.