During trading today, both the Basic Materials sector (XLB) and the S&P500 showed little movement.
Cabot (CBT) rose 1.5% to close at $38.72, cross its 50-day moving average of $38.17 and 200-day moving average of $38.40. Gevo (GEVO) declined 27.2% to close at $4.95, moving below its 50-day moving average of $6.57 and 200-day moving average of $7.71.
Schnitzer Steel Industries (SCHN) rose 5.7% to close at $26.32, approaching its 50-day moving average of $27.40. It has also moved closer to its 200-day moving average of $37.54. Randgold Resources (ADES) fell 2.4% to close at $87.15, moving closer to its 50-day moving average of $86.20. Also, the stock moved closer to its 200-day moving average of $23.69.
BioFuel Energy (BIOF) was one of the sector's big losers, as its price dropped 15.1% (-65 cents) to close at $3.65. 85,792 shares of the stock moved. The stock traded between $3.39 and $4.18.
Worthington Industries (WOR) was a major gainer in the sector, rising 8.8% (+$1.56) to close at $19.19 with 1.8 million shares moving. The stock traded in a range of $18.35 to $19.19. Share price is up, having risen $2.45 (14.6%) from $16.74 on May 30, 2012.
Innophos Holdings (IPHS) hit a new 52-week high today, reaching $54.56 to top the previous high of $53.90.
The Eastern Company (EML) hit a new 52-week low today, hitting $15.53 to fall below the previous low of $15.75.