Financial Sector Wrap

Published June 01, 2012

| FOXBusiness

The S&P 500 lost 2.5% while the Financial sector (XLF) showed little movement during trading today.

Texas Pacific Land (TPL) declined 87.8% to close at $7, moving below its 50-day moving average of $56.35 and 200-day moving average of $47.87. Platinum Underwriters Holdings (PTP) rose 0.7% to close at $36.56, crossing its 50-day moving average of $36.34.

BankUnited (BKU) rose 150.9% to close at $22.58, approaching its 50-day moving average of $23.57. It has also moved closer to its 200-day moving average of $23.21. Credicorp (BAP) fell 3.7% to close at $120.18, moving down to 0.6% above its 200-day moving average of $119.47.

First Security Group (FSGI) was a major gainer in the sector, rising 14.9% (+35 cents) to close at $2.70 with 12,715 shares moving. The stock traded in a range of $1.98 to $2.70. Central Fund of Canada (CEF) was another big mover, climbing $1.04 (+5.5%) to a closing price of $19.91.

MV Oil (MVO) was one of the sector's big losers, as its price dropped 7.3% (-$2.61) to close at $33.10. 186,163 shares of the stock moved. The stock traded between $32.90 and $35.59. The stock is down over the last two months, having fallen $10 (-23.2%) from a price of $43.10 on April 3, 2012.

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