The Basic Materials sector (XLB) held steady on a trading day that saw S&P 500 drop 0.1%.
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Kronos Worldwide (KRO) was a major loser in the sector, falling 8.6% (-$1.35) to close at $14.32 with 2.3 million shares moving. The stock traded in a range of $14.22 to $15.65. The stock has fallen over the last three months, dropping $7.59 (-34.6%) from $21.91 on April 11, 2012.
UFP Technologies (UFPT) rose 2.7% to close at $17.04, cross its 50-day moving average of $16.65 and 200-day moving average of $16.74. Universal Stainless \x26 Alloy Products (USAP) declined 7.1% to close at $38.63, moving below its 50-day moving average of $40.75 and 200-day moving average of $40.42.
Methanex Corporation (MEOH) rose 1.1% to close at $28.55, approaching its 50-day moving average of $28.62. It has also moved closer to its 200-day moving average of $29.12. PPG Industries (SYT) fell 2.1% to close at $103.37, moving closer to its 50-day moving average of $103.31. Also, the stock moved closer to its 200-day moving average of $64.72.
Increasing 2.9% (+$1.14) to close at $40.15, Hawkins (HWKN) was a major gainer in the sector. Today, 38,066 shares traded hands. The stock traded in a range of $38.85 to $40.32. Shares are up over the last two months, having risen $7.23 (22%) from a price of $32.92 on May 9, 2012.
P.H. Glatfelter Company (GLT) hit a new 52-week high today, reaching $16.84 to top the previous high of $16.71.