While the S&P 500 grew 0.6%, the Basic Materials sector (XLB) showed little movement during trading today.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLB was down 0.2% over the last thirty trading days while the S&P 500 climbed -0%.
The Eastern Company (EML) was a major gainer in the sector, rising 9.2% (+$2.24) to close at $26.49 with 3,807 shares moving. The stock traded in a range of $22.58 to $26.49.
MeadWestvaco (MWV) was one of the sector's big losers, as its price dropped 8.9% (-$2.83) to close at $28.99. 2.1 million shares of the stock moved. The stock traded in a range of $28.96 to $29.63. The stock has been going in a negative direction over the last month, dropping $2.60 (-8.2%) from a price of $31.59 on March 30, 2012.
Golden Minerals (AUMN) declined 6.7% to close at $6.97, moving below its 50-day moving average of $7.27 and 200-day moving average of $7.95.
Calgon Carbon Corporation (CCC) rose 6.9% to close at $14.79, approaching its 50-day moving average of $14.82. It has also moved closer to its 200-day moving average of $15.16. A M Castle and (PCL) fell 4.4% to close at $12.80, moving closer to its 50-day moving average of $12.59. Also, the stock moved closer to its 200-day moving average of $38.78.
AbitibiBowater (ABH) hit a new 52-week low today, hitting $12.45 to fall below the previous low of $12.79.