While the S&P 500 grew 0.1%, the Basic Materials sector (XLB) showed little movement during trading today.
OM Group (OMG) was a major loser in the sector. Its price dropped 8.8% (-$1.56) to close at $16.12, as 1.2 million shares moved. The stock traded between $15.75 and $17.10. The stock has fallen over the last three months, dropping $4.48 (-21.7%) from $20.60 on May 14, 2012.
LSB Industries (LXU) was a major gainer in the sector, rising 7.6% (+$2.59) to close at $36.54 with 309,566 shares moving. The stock traded in a range of $35.25 to $37.
Valhi (VHI) rose 6% to close at $12.21, cross its 50-day moving average of $11.97 and 200-day moving average of $32.92. Koppers Holdings (KOP) declined 8.1% to close at $31.67, moving below its 50-day moving average of $33.04 and 200-day moving average of $35.25.
Intrepid Potash (IPI) rose 2.6% to close at $22.28, approaching its 50-day moving average of $22.59. It has also moved closer to its 200-day moving average of $22.74. Innospec (IOSP) fell 4.3% to close at $30.28, moving closer to its 50-day moving average of $30.25. Also, the stock moved closer to its 200-day moving average of $29.64.
CF Industries Holdings (CF) hit a new 52-week high today, reaching $215.18 to top the previous high of $211.25.