Published July 26, 2012
The Financial sector (XLF) showed little movement while the S&P 500 gained 1.6% during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, XLF was up 2.7% over the last thirty trading days. The S&P 500, in comparison, went up 3.2%.
United Community Banks (UCBI) was a major loser in the sector, falling 15% (-$1.14) to close at $6.44 with 1.5 million shares moving. The stock traded in a range of $6.38 to $7.39.
Banner Corporation (BANR) was a major gainer in the sector, rising 7.2% (+$1.47) to close at $21.97 with 236,364 shares moving. The stock traded in a range of $21.66 to $22.18. Shares have shown some positive movement over the last two months as the price has climbed $2.29 (11.6%) from a price of $19.68 on May 29, 2012. Ameriprise Financial (AMP) was another big mover, climbing $2.78 (+5.8%) to a closing price of $50.76.
Energy Income and Growth Fund (FEN) fell 5.7% to close at $29.65, crossing its 50-day moving average of $30.79. Meanwhile, MasterCard (MA) climbed 2.8% to close at $423.77, moving past its 200-day moving average of $412.70.
Enstar Group (ESGR) rose 2.2% to close at $95.25, approaching its 50-day moving average of $96.78. It has also moved closer to its 200-day moving average of $96.48. Direxion Daily China Bear 3x Shares ETF (TMK) fell 5.7% to close at $16.65, moving closer to its 50-day moving average of $16.37. Also, the stock moved closer to its 200-day moving average of $47.95.
World Acceptance (WRLD) hit a new 52-week high today, reaching $76.52 to top the previous high of $75.68.
WellPoint (WLP) hit a new 52-week low today, hitting $52.52 to fall below the previous low of $53.26.