Basic Materials Sector Wrap

Published May 09, 2012

| FOXBusiness

The Basic Materials sector (XLB) held steady on a trading day that saw S&P 500 drop 0.6%.

Kronos Worldwide (KRO) was one of the sector's big losers, as its price dropped 11.8% (-$2.70) to close at $20.16. 2.6 million shares of the stock moved. The stock traded in a range of $20.06 to $23.38. The stock has been decreasing in the last two months, down $4.40 (-17.9%) from a price of $24.56 on March 12, 2012.

Penford Corporation (PENX) was a significant gainer in the sector, rising 5.5%. The stock closed at $9.37 with 56,658 shares moving. The stock traded in a range of $8.61 to $9.49.

POSCO (PKX) rose 0.7% to close at $84.08, cross its 50-day moving average of $84.06 and 200-day moving average of $86.19. Sun Hydraulics Corporation (SNHY) declined 2.8% to close at $26.17, moving below its 50-day moving average of $25.66 and 200-day moving average of $26.48.

Endeavour Silver Corp. (CAN (EXK) rose 7.3% to close at $8.77, approaching its 50-day moving average of $8.97. It has also moved closer to its 200-day moving average of $10.01. CF Industries Holdings (CF) fell 4.2% to close at $175.19, moving down to 1.4% above its 200-day moving average of $172.80.

Lawson Products (LAWS) hit a new 52-week low today, hitting $12.05 to fall below the previous low of $12.42.

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