The Services sector (IYC) held steady during a trading day that saw the S&P 500 grow 0.5%.
Neutral Tandem (IQNT) was a major loser in the sector. Its price dropped 12.8% (-$1.78) to close at $12.14, as 768,360 shares moved. The stock traded between $11.25 and $13.47.
Multimedia Games Holding Company (MGAM) was a major gainer in the sector, rising 11.9% (+$1.64) to close at $15.44 with 590,019 shares moving. The stock traded in a range of $13.80 to $15.68. The stock has been on the rise in the last two months, up $2.86 (22.7%) from a price of $12.58 on June 8, 2012.
Multi-Color Corporation (LABL) rose 9.7% to close at $20.84, cross its 50-day moving average of $20.79 and 200-day moving average of $21.56. Hospitality Properties (HPT) declined 3.9% to close at $23.68, moving below its 50-day moving average of $24.33 and 200-day moving average of $24.74.
Dolby Laboratories (DLB) rose 6.8% to close at $34.08, approaching its 50-day moving average of $37.66. It has also moved closer to its 200-day moving average of $38.55.
InterContinental Hotels Group (IHG) hit a new 52-week high today, reaching $27.19 to top the previous high of $25.40.