Shares of Flowserve Corp. /zigman2/quotes/203982564/composite FLS -1.54% slipped 1.91% to $31.33 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX -1.01% falling 1.08% to 4,115.77 and Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.70% falling 0.81% to 32,910.90. The stock's fall snapped a two-day winning streak. Flowserve Corp. closed $12.87 short of its 52-week high ($44.20), which the company reached on June 9th.
The stock underperformed when compared to some of its competitors Wednesday, as Illinois Tool Works Inc. /zigman2/quotes/208031922/composite ITW -0.69% fell 1.81% to $206.34, Parker Hannifin Corp. /zigman2/quotes/202924304/composite PH -1.25% fell 0.26% to $283.02, and Dover Corp. /zigman2/quotes/208444467/composite DOV -1.37% fell 1.10% to $134.62. Trading volume (1.0 M) remained 281,825 below its 50-day average volume of 1.3 M.