Published August 02, 2012
During trading today, the Financial sector (XLF) showed little change while the S&P 500 fell 0.7%.
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. Entering today's trading, XLF was down 2.2% over the last thirty trading days while the S&P 500 was down 0.6%.
Och-Ziff Capital Management Group (OZM) was a major gainer in the sector, rising 11.7% (+83 cents) to close at $7.94 with 2.4 million shares moving. The stock traded in a range of $7.15 to $8. Shares are up, having risen $1.10 (16.1%) from a price of $6.84 on July 26, 2012.
Acacia Research Corporation (ACTG) was a major loser in the sector, falling 11.3% (-$3.04) to close at $23.83 with 3.2 million shares moving. The stock traded in a range of $23.24 to $26.66.
Financial Engines (FNGN) rose 11.5% to close at $20.25, cross its 50-day moving average of $20.24 and 200-day moving average of $21.45.
Cigna (CI) rose 4% to close at $41.86, approaching its 50-day moving average of $42.76. It has also moved closer to its 200-day moving average of $44.51.
Ocwen Financial Corporation (OCN) hit a new 52-week high today, reaching $21.94 to top the previous high of $20.