FLS - Sell Alert: Scott Robert Rowe Cashes Out $4.96M In Flowserve Stock | Benzinga
Revealing a significant insider sell on May 23, Scott Robert Rowe, President & CEO at Flowserve (NYSE:FLS), as per the latest SEC filing.
What Happened: Rowe's decision to sell 100,000 shares of Flowserve was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $4,955,187.
The latest update on Friday morning shows Flowserve shares down by 0.0%, trading at $48.86.
Get to Know Flowserve Better
Flowserve Corp is a manufacturer and aftermarket service provider of comprehensive flow control systems. It develops precision-engineered flow control equipment to monitor movement and protect customers' materials and processes. It offers an extensive range of pumps, valves, seals, and services for several industries, including oil and gas, chemical, power generation, and water management. In addition, Flowserve has a network of Quick Response Centers to provide aftermarket equipment services. The aftermarket services help customers with installation, diagnostics, repair, and retrofitting. Sales are roughly split across many regions, with North America and Europe contributing the majority of total revenue.
Financial Milestones: Flowserve's Journey
Revenue Growth: Flowserve's revenue growth over a period of 3 months has been noteworthy. As of 31 March, ...