Capital Goods Sector Wrap

Published May 07, 2012

| FOXBusiness

On a trading day that saw the S&P 500 gain 0.1%, the Capital Goods sector (XLI) showed little change.

The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past week. As trading began today, XLI was down 2.2% over the last seven trading days while the S&P 500 climbed -2%.

Perini Corporation (TPC) was one of the sector's big losers, as its price dropped 14.5% (-$2.09) to close at $12.32. 1.1 million shares of the stock moved. The stock traded between $12.31 and $13.87. Over the last three months, the stock has lost $4.53 (-26.9%) from a price of $16.85 on February 8, 2012.

Apogee (APOG) was a significant gainer in the sector, rising 7.2%. The stock closed at $16.16 with 520,139 shares moving. The stock traded in a range of $15 to $16.44. The stock has been on the rise in the last two months, up $3.18 (24.5%) from a price of $12.98 on March 8, 2012.

The Gorman-Rupp Company (GRC) rose 1.5% to close at $29.04, cross its 50-day moving average of $28.66 and 200-day moving average of $29.02.

U.S. Lime \x26 Minerals (USLM) rose 4.9% to close at $51.22, approaching its 50-day moving average of $54.84. It has also moved closer to its 200-day moving average of $56.34. L-3 Communications (CBI) fell 0.8% to close at $71.41, moving closer to its 50-day moving average of $70.60. Also, the stock moved closer to its 200-day moving average of $41.32.

URL

http://www.foxbusiness.com/markets/2012/05/07/capital-goods-sector-wrap/