Published July 25, 2012
During trading today, both the Financial sector (XLF) and the S&P500 showed little movement.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Going into trading today, the S&P 500 was up -2.5% over the last seven trading days, but XLF was down 2.9%.
WellPoint (WLP) was one of the sector's big losers, as its price dropped 12.1% (-$7.41) to close at $54.01. 15.6 million shares of the stock moved. The stock traded between $53.26 and $55.80. Over the last month, the share price has dropped $14.94 (-21.7%) from $68.95 on June 25, 2012.
Euronet Worldwide (EEFT) was a major gainer in the sector, rising 7.8% (+$1.25) to close at $17.36 with 586,470 shares moving. The stock traded in a range of $16.18 to $17.85. The stock has fallen over the last three months, dropping $4.15 (-19.3%) from $21.51 on April 27, 2012.
Duff & Phelps (DUF) rose 7.4% to close at $15, crossing its 50-day moving average of $14.37. Meanwhile, Molina Healthcare (MOH) dropped 4.3% to close at $25.43, moving below its 200-day moving average or $26.79.
Piper Jaffray Companies (PJC) rose 5.5% to close at $20.63, approaching its 50-day moving average of $22.11. It has also moved closer to its 200-day moving average of $22.97. MarketAxess Holdings (MKTX) rose 6.1% to close at $30.35, getting closer to its 200-day moving average or $31.68.