The Consumer/Non-Cyclical sector (XLP) held steady on a trading day that saw S&P 500 drop 0.6%.
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. At the start of trading today, XLP was up 0.5% over the last thirty trading days while the S&P 500 was down 1.5%.
Coffee (JVA) was a major loser in the sector. Its price dropped 15.2% (-$1.11) to close at $6.17, as 735,562 shares moved. The stock traded between $6 and $6.40.
Farmer Brothers (FARM) was a significant gainer in the sector, rising 7.1%. The stock closed at $7.58 with 115,008 shares moving. The stock traded in a range of $7 to $7.62. The stock is down over the last three months, having fallen $3.25 (-30%) from $10.83 on March 16, 2012.
Industrias Bachoco S.A.B. de C.V. (IBA) rose 2.1% to close at $21.05, crossing its 50-day moving average of $20.69.
Coca-Cola HBC (CCH) rose 4.7% to close at $15.74, approaching its 50-day moving average of $16.89. It has also moved closer to its 200-day moving average of $17.90. Inter Parfums (SBUX) fell 2.1% to close at $16.35, moving closer to its 50-day moving average of $15.92. Also, the stock moved closer to its 200-day moving average of $51.14.
Smart Balance (SMBL) hit a new 52-week high today, reaching $7.50 to top the previous high of $7.49.