During trading today, both the Basic Materials sector (XLB) and the S&P500 showed little movement.
The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past week. As trading began today, XLB was down 2.1% over the last seven trading days while the S&P 500 climbed -1.8%.
KiOR (KIOR) was a significant gainer in the sector, rising 13.4%. The stock closed at $8.30 with 425,229 shares moving. The stock traded in a range of $7.25 to $8.59. The stock has fallen over the last three months, dropping $1.47 (-15%) from $9.77 on April 26, 2012.
Olin Corporation (OLN) was a major loser in the sector, falling 6.9% (-$1.44) to close at $19.56 with 1.8 million shares moving. The stock traded in a range of $19.49 to $20.99. The stock has lost momentum over the last three months, losing $2.45 (-11.1%) from $22.01 on April 26, 2012.
L.B. Foster Company (FSTR) declined 4.9% to close at $27.83, moving below its 50-day moving average of $28.19 and 200-day moving average of $28.30. Celanese Corporation (CE) rose 5.7% to close at $37.56, crossing its 50-day moving average of $35.95.
Nevsun Resources (NSU) rose 6.5% to close at $3.10, approaching its 50-day moving average of $3.28. It has also moved closer to its 200-day moving average of $3.92. Hawkins (HWKN) fell 4.3% to close at $37.60, moving closer to its 50-day moving average of $37.36. Also, the stock moved closer to its 200-day moving average of $36.67.
Cliffs Natural Resources (CLF) hit a new 52-week low today, hitting $42.18 to fall below the previous low of $43.91.