Services Sector Wrap

Markets FOXBusiness

During trading today, both the Services sector (IYC) and the S&P500 showed little movement.

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Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. At the start of trading today, IYC was up 3.4% over the last thirty trading days while the S&P 500 was up 4.4%.

TriMas (TRS) was a major gainer in the sector, rising 13.1% (+$2.52) to close at $21.71 with 684,643 shares moving. The stock traded in a range of $20.22 to $23.28. Shares are up, having risen $2.64 (13.8%) from a price of $19.07 on July 23, 2012. Ark Restaurants (ARKR) was another big mover, climbing 75 cents (+5.1%) to a closing price of $15.50.

New Oriental Education & Tech Grp (EDU) was a major loser in the sector. Its price dropped 8.8% (-$1.05) to close at $10.90, as 6.6 million shares moved. The stock traded between $10.58 and $12.13.

GNC Holdings (GNC) rose 2.8% to close at $39.27, crossing its 50-day moving average of $38.37. Meanwhile, Ascent Capital Group (ASCMA) dropped 4.1% to close at $50.18, moving below its 200-day moving average or $50.25.

Blue Nile (NILE) rose 5.6% to close at $25.31, approaching its 50-day moving average of $27.54. It has also moved closer to its 200-day moving average of $32.01.

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Barrett Business Services (BBSI) hit a new 52-week high today, reaching $25.51 to top the previous high of $24.62.