Financial Sector Wrap

Published July 20, 2012

| FOXBusiness

During trading today, the S&P 500 dropped 0.9%, and the Financial sector (XLF) showed little change.

The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Entering today's trading, XLF was down 2.2% over the last seven trading days while the S&P 500 climbed 0.5%.

Acacia Research Corporation (ACTG) was one of the sector's big losers, as its price dropped 14.3% (-$5.66) to close at $34.09. 2.9 million shares of the stock moved. The stock traded in a range of $33.04 to $39.35. Shares are down, having dropped $4.64 (-12%) from a price of $38.73 on July 13, 2012.

Increasing 10.8% (+98 cents) to close at $10.09, Whiting USA Trust I (WHX) was a major gainer in the sector. Today, 1.1 million shares traded hands. The stock traded in a range of $8.77 to $10.35.

First Federal Bancshares of Arkansas (FFBH) rose 4.5% to close at $8.15, cross its 50-day moving average of $7.99 and 200-day moving average of $7.11. Prudential Financial (PRU) declined 3.9% to close at $46.70, moving below its 50-day moving average of $47.62 and 200-day moving average of $53.61.

Mercury General Corporation (MCY) rose 2% to close at $41.35, approaching its 50-day moving average of $41.74. It has also moved closer to its 200-day moving average of $43.38. Virtus Investment Partners (VRTS) fell 6.7% to close at $78.18, moving closer to its 50-day moving average of $77.57. Also, the stock moved closer to its 200-day moving average of $77.84.

First M & F Corporation (FMFC) hit a new 52-week high today, reaching $6.11 to top the previous high of $5.86.

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