During trading today, both the Basic Materials sector (XLB) and the S&P500 showed little movement.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLB was up 2.4% over the last thirty trading days while the S&P 500 climbed 4.4%.
Increasing 4.8% (+46 cents) to close at $9.96, Lawson Products (LAWS) was a major gainer in the sector. Today, 15,796 shares traded hands. The stock traded in a range of $9.37 to $9.97. The stock is down over the last three months, having fallen $4.29 (-30.1%) from $14.24 on May 2, 2012.
Hawkins (HWKN) was a major loser in the sector, falling 3.8% (-$1.53) to close at $38.63 with 13,608 shares moving. The stock traded between $38.63 and $39.96. The stock has been on the rise in the last two months, up $5.62 (17%) from a price of $33.01 on May 31, 2012.
Sun Hydraulics Corporation (SNHY) declined 3.8% to close at $23.06, moving below its 50-day moving average of $22.91 and 200-day moving average of $25.14.
OM Group (OMG) rose 3.7% to close at $16.12, approaching its 50-day moving average of $17.56. It has also moved closer to its 200-day moving average of $22.13. Silver Wheaton (SLW) rose 2.1% to close at $28.06, getting closer to its 200-day moving average or $29.70.
Ashland (ASH) hit a new 52-week high today, reaching $72.34 to top the previous high of $71.14.