Published May 17, 2012
During trading today, the Services sector (IYC) showed little change while the S&P 500 fell 1.5%.
Media General (MEG) rose 33.1% to close at $4.18, cross its 50-day moving average of $3.80 and 200-day moving average of $4.13.
Children's Place Retail Stores (PLCE) rose 5.7% to close at $47.09, approaching its 50-day moving average of $47.62. It has also moved closer to its 200-day moving average of $49.50. Dillard's (AZO) fell 4.9% to close at $65.38, moving closer to its 50-day moving average of $64.93. Also, the stock moved closer to its 200-day moving average of $358.58.
Red Robin Gourmet Burgers (RRGB) was one of the sector's big losers, as its price dropped 14.6% (-$5.22) to close at $30.53. 1.4 million shares of the stock moved. The stock traded in a range of $30.25 to $32.50. The stock is down over the last two months, having fallen $6.47 (-17.5%) from a price of $37 on March 20, 2012.
KongZhong Corporation (KONG) was a significant gainer in the sector, rising 12.3%. The stock closed at $6.65 with 676,859 shares moving. The stock traded in a range of $6.10 to $6.80.
NetEase.com (NTES) hit a new 52-week high today, reaching $63.07 to top the previous high of $61.45.