The Basic Materials sector (XLB) showed little change during trading today while the S&P 500 rose 0.7%.
Richmont Mines (RIC) was one of the sector's big losers, as its price dropped 13.4% (-64 cents) to close at $4.14. 980,453 shares of the stock moved. The stock traded between $3.90 and $4.58.
Teck Resources (TCK) rose 5.2% to close at $32.58, crossing its 50-day moving average of $31.06. Meanwhile, China Precision Steel (CPSL) dropped 9.4% to close at 27 cents, moving below its 200-day moving average or 41 cents.
Domtar (UFS) rose 2.3% to close at $78.74, approaching its 50-day moving average of $78.76. It has also moved closer to its 200-day moving average of $85.78. Myers Industries (OLN) fell 0.3% to close at $17.21, moving closer to its 50-day moving average of $16.82. Also, the stock moved closer to its 200-day moving average of $20.58.
Increasing 6.2% (+$2.57) to close at $43.97, Universal Stainless \x26 Alloy Products (USAP) was a major gainer in the sector. Today, 35,647 shares traded hands. The stock traded in a range of $41.09 to $44.51. Share price has been increasing, and is up $7 (18.9%) from a price of $36.97 on June 26, 2012.
Quaker Chemical (KWR) hit a new 52-week high today, reaching $48.60 to top the previous high of $48.15.