While the S&P 500 grew 0.1%, the Energy sector (XLE) showed little movement during trading today.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLE was down 5% over the last thirty trading days while the S&P 500 was down 3.3%.
McDermott International (MDR) was a major gainer in the sector, rising 7.3% (+71 cents) to close at $10.47 with 9.5 million shares moving. The stock traded in a range of $10.33 to $10.90. The stock has lost momentum over the last three months, losing $3.35 (-24.2%) from $13.82 on March 12, 2012.
WPX Energy (WPX) was one of the sector's big losers, as its price dropped 4.7% (-70 cents) to close at $14.11. Three million shares of the stock moved. The stock traded between $14.04 and $15.26.
Bolt Technology (BOLT) rose 3.6% to close at $13.22, cross its 50-day moving average of $13.12 and 200-day moving average of $12.99.
Kodiak Oil & Gas (KOG) rose 4.6% to close at $8.11, approaching its 50-day moving average of $8.48. It has also moved closer to its 200-day moving average of $8.88. Cobalt International Energy (CIE) fell 3.3% to close at $22.72, moving down to 1% above its 200-day moving average of $22.49.
CARBO Ceramics (CRR) hit a new 52-week low today, hitting $71.56 to fall below the previous low of $72.45.