On a trading day that saw the S&P 500 gain 0.1%, the Capital Goods sector (XLI) showed little change.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLI was up 6.3% over the last thirty trading days, and the S&P 500 climbed 4.8%.
The Middleby Corporation (MIDD) was a major gainer in the sector, rising 13.5% (+$13.56) to close at $113.77 with 926,489 shares moving. The stock traded in a range of $104.45 to $119.74. Shares have been on on the rise over the past month, climbing $17.22 (17.8%) from a price of $96.55 on July 11, 2012. Alliant Techsystems (ATK) was another big mover, climbing $3.46 (+7.1%) to a closing price of $51.94.
STR Holdings (STRI) was one of the sector's big losers, as its price dropped 10.4% (-38 cents) to close at $3.28. 176,070 shares of the stock moved. The stock traded in a range of $3.25 to $3.45. The share price has been dropping in the last month, down 68 cents (-17.2%) from $3.96 on July 11, 2012.
Graham Corporation (GHM) rose 6.5% to close at $18.64, cross its 50-day moving average of $17.51 and 200-day moving average of $20.06. Briggs & Stratton Corporation (BGG) declined 4.9% to close at $16.80, moving below its 50-day moving average of $17.26 and 200-day moving average of $17.14.
Perini Corporation (TPC) rose 5.8% to close at $10.50, approaching its 50-day moving average of $11.63. It has also moved closer to its 200-day moving average of $13.28. Titan Machinery (BKR) fell 2.5% to close at $29.26, moving closer to its 50-day moving average of $28.99. Also, the stock moved closer to its 200-day moving average of $23.83.