Basic Materials Sector Wrap

Markets FOXBusiness

During trading today, both the Basic Materials sector (XLB) and the S&P500 showed little movement.

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The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past month. Entering today's trading, XLB was up 3.2% over the last thirty trading days while the S&P 500 climbed 3.7%.

KiOR (KIOR) was a significant gainer in the sector, rising 10.2%. The stock closed at $7.98 with 266,619 shares moving. The stock traded in a range of $6.90 to $7.98. The stock has lost momentum over the last three months, losing $3.02 (-27.5%) from $11 on May 16, 2012. American Pacific Corporation (APFC) also gained today, climbing $1.04 (+9.3%) to close at $12.20.

Schnitzer Steel Industries (SCHN) was one of the sector's big losers, as its price dropped 7.7% (-$2.50) to close at $29.91. 838,626 shares of the stock moved. The stock traded between $28.89 and $31.70. Over the last two months, shares have shown some positive movement as the price has climbed $6.13 (25.8%) from a price of $23.78 on June 14, 2012.

China Green Agriculture (CGA) rose 4.5% to close at $3.97, cross its 50-day moving average of $3.81 and 200-day moving average of $3.87. Lawson Products (LAWS) declined 7.1% to close at $9.26, moving below its 50-day moving average of $9.56 and 200-day moving average of $12.31.

Mueller Industries (MLI) fell 2.7% to close at $43.68, moving closer to its 50-day moving average of $42.91. Also, the stock moved closer to its 200-day moving average of $43.62.