Published August 14, 2012
During trading today, both the Basic Materials sector (XLB) and the S&P500 showed little movement.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLB was up 3.1% over the last thirty trading days. The S&P 500, in comparison, went up 4%.
KiOR (KIOR) was a major loser in the sector, falling 14% (-$1.12) to close at $6.86 with 808,200 shares moving. The stock traded in a range of $6.62 to $8.96.
Prospect Global Resources (PGRX) was a significant gainer in the sector, rising 11.1%. The stock closed at $2.49 with 79,775 shares moving. The stock traded in a range of $2.25 to $2.50.
IAMGOLD Corporation (IAG) rose 1.9% to close at $11.44, crossing its 50-day moving average of $11.24. Meanwhile, Olympic Steel (ZEUS) dropped 4.7% to close at $15.65, moving below its 200-day moving average or $19.52.
Friedman Industries (FRD) rose 2.1% to close at $9.64, approaching its 50-day moving average of $9.67. It has also moved closer to its 200-day moving average of $10.38. The Valspar Corporation (HNH) fell 4.2% to close at $50.74, moving closer to its 50-day moving average of $50.54. Also, the stock moved closer to its 200-day moving average of $13.03.
Packaging Corp Of America (PKG) hit a new 52-week high today, reaching $31.73 to top the previous high of $31.54.