Published June 13, 2012
During trading today, the Financial sector (XLF) showed little change while the S&P 500 fell 0.6%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLF was down 3.2% over the last thirty trading days, and the S&P 500 climbed -1.5%.
BankAtlantic Bancorp (BBX) was a major gainer in the sector, rising 15.1% (+72 cents) to close at $5.50 with 84,130 shares moving. The stock traded in a range of $4.98 to $5.50.
Popular (BPOP) was a major loser in the sector, falling 7.4% (-$1.09) to close at $13.66 with 4.1 million shares moving. The stock traded in a range of $13.62 to $14.82.
NetSpend Holdings (NTSP) rose 5.2% to close at $7.64, cross its 50-day moving average of $7.31 and 200-day moving average of $7.53.
Mesabi (MSB) rose 2.2% to close at $25.04, approaching its 50-day moving average of $26.18. It has also moved closer to its 200-day moving average of $28.40. IntercontinentalExchange (AXP) fell 1.5% to close at $125.97, moving closer to its 50-day moving average of $125.95. Also, the stock moved closer to its 200-day moving average of $53.90.
Mercantile Bank (MBWM) hit a new 52-week high today, reaching $17 to top the previous high of $16.45.