Shares of Flowserve Corp. /zigman2/quotes/203982564/composite FLS +4.69% slipped 2.66% to $33.99 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index /zigman2/quotes/210599714/realtime SPX +3.06% rising 0.57% to 4,296.12 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +2.68% rising 0.70% to 34,049.46. This was the stock's fourth consecutive day of losses. Flowserve Corp. closed $10.40 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 Monday, as Illinois Tool Works Inc. /zigman2/quotes/208031922/composite ITW +4.34% rose 0.38% to $204.12, Parker Hannifin Corp. /zigman2/quotes/202924304/composite PH +5.48% rose 0.43% to $278.26, and Dover Corp. /zigman2/quotes/208444467/composite DOV +3.91% fell 0.53% to $142.24. Trading volume (1.4 M) remained 247,464 below its 50-day average volume of 1.6 M.