Shares of Flowserve Corp. (NYS:FLS) 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 (S&P:SPX) falling 1.08% to 4,115.77 and Dow Jones Industrial Average (DOW:DJIA) 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. (NYS:ITW) fell 1.81% to $206.34, Parker Hannifin Corp. (NYS:PH) fell 0.26% to $283.02, and Dover Corp. (NYS:DOV) fell 1.10% to $134.62. Trading volume (1.0 M) remained 281,825 below its 50-day average volume of 1.3 M.