The S&P 500 lost 1.6% while the Utilities sector (XLU) showed little movement during trading today.
Genon Energy (GEN) was a significant gainer in the sector, rising 8.2%. The stock closed at $1.59 with 15.2 million shares moving. The stock traded in a range of $1.46 to $1.60. The stock has lost momentum over the last three months, losing 57 cents (-26.4%) from $2.16 on March 28, 2012.
Cadiz (CDZI) was one of the sector's big losers, as its price dropped 6.5% (-47 cents) to close at $6.77. 68,902 shares of the stock moved. The stock traded between $6.68 and $7.25. Over the last three months, the stock has lost $2.78 (-29.1%) from a price of $9.55 on March 28, 2012.
National Fuel Gas (NFG) declined 2.4% to close at $44.18, moving below its 50-day moving average of $44.42 and 200-day moving average of $48.54. Cleco Corporation (CNL) rose 0.5% to close at $41, crossing its 50-day moving average of $40.83.
Crosstex Energy (XTXI) rose 1.1% to close at $13.43, approaching its 50-day moving average of $13.90. It has also moved closer to its 200-day moving average of $13.69. WGL Holdings (MGEE) fell 1.4% to close at $39.78, moving closer to its 50-day moving average of $39.48. Also, the stock moved closer to its 200-day moving average of $45.05.