Services Sector Wrap

Published May 07, 2012

| FOXBusiness

The Services sector (IYC) held steady during a trading day that saw the S&P 500 grow 0.1%.

The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, IYC was up 0.1% over the last thirty trading days while the S&P 500 climbed -1.9%.

Petmed Express (PETS) declined 19.5% to close at $11.07, moving below its 50-day moving average of $12.82 and 200-day moving average of $11.42. KT Corporation (KT) rose 7.7% to close at $13.50, cross its 50-day moving average of $13.44 and 200-day moving average of $14.77.

PriceSmart (ACN) fell 6.1% to close at $76.51, moving closer to its 50-day moving average of $76.21. Also, the stock moved closer to its 200-day moving average of $59.06.

TravelCenters of America (TA) was one of the sector's big losers, as its price dropped 15.4% (-94 cents) to close at $5.16. 1.1 million shares of the stock moved. The stock traded between $4.93 and $5.70. Shares are down, having dropped $1.14 (-18.1%) from a price of $6.30 on April 30, 2012.

Alto Palermo (APSA) was a significant gainer in the sector, rising 11.3%. The stock closed at $11.60 with 20,696 shares moving. The stock traded in a range of $10.52 to $12.19.

Amrica Mvil S.A.B de C.V (AMX) hit a new 52-week high today, reaching $28.47 to top the previous high of $27.70.

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