Published August 03, 2012
The Financial sector (XLF) showed little change during trading today while the S&P 500 rose 2%.
The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past month. As trading began today, XLF was up 1.6% over the last thirty trading days while the S&P 500 climbed 1.9%.
Health Net (HNT) was a major loser in the sector. Its price dropped 15.7% (-$3.57) to close at $19.12, as 12.2 million shares moved. The stock traded between $16.65 and $20.22. The stock has lost momentum over the last three months, losing $8.25 (-30.1%) from $27.37 on May 8, 2012.
Epoch (EPHC) was a major gainer in the sector, rising 11.4% (+$2.33) to close at $22.78 with 76,082 shares moving. The stock traded in a range of $20.73 to $23.18. The share price has been sliding in the last month, down $1.72 (-7%) from $24.50 on July 5, 2012.
WSFS Financial Corporation (WSFS) rose 7.5% to close at $41.55, cross its 50-day moving average of $40.59 and 200-day moving average of $39.28. Kayne Anderson MLP Investment (KYN) declined 4.7% to close at $29.75, moving below its 50-day moving average of $30.76 and 200-day moving average of $30.32.
Deutsche Bank (DB) rose 10.1% to close at $31.20, approaching its 50-day moving average of $32.37. It has also moved closer to its 200-day moving average of $38.97. Cardtronics (TAI) fell 1.7% to close at $30.23, moving closer to its 50-day moving average of $29.91. Also, the stock moved closer to its 200-day moving average of $22.66.
Westpac Banking Corporation (WBK) hit a new 52-week high today, reaching $125.45 to top the previous high of $124.30.