Financial Sector Wrap

Markets FOXBusiness

The Financial sector (XLF) showed little movement on a trading day that saw S&P 500 fall 1%.

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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 up 3.5% over the last thirty trading days, and the S&P 500 climbed 2.7%.

Carver Bancorp (CARV) was a major gainer in the sector, rising 13.3% (+36 cents) to close at $3.05 with 3,224 shares moving. The stock traded in a range of $2.73 to $3.15. Similarly, Homeowners Choice (HCII) gained today, increasing 99 cents (+5.3%) to close at $19.70.

Deutsche Bank (DB) was one of the sector's big losers, as its price dropped 5.1% (-$1.79) to close at $33.65. 2.9 million shares of the stock moved. The stock traded between $33.45 and $34.56. The stock has lost momentum over the last three months, losing $9.85 (-22.6%) from $43.50 on April 10, 2012.

Shinhan Financial Group (SHG) declined 2.2% to close at $67.91, moving below its 50-day moving average of $67.84 and 200-day moving average of $72.24. Mesa Royalty (MTR) rose 1.8% to close at $30.28, crossing its 50-day moving average of $29.75.

Knight Capital Group (KCG) rose 2.1% to close at $11.85, approaching its 50-day moving average of $12.16. It has also moved closer to its 200-day moving average of $12.61. Acacia Research Corporation (ACTG) fell 3.9% to close at $38.44, moving down to 1.2% above its 200-day moving average of $37.96.