Published August 17, 2012
The Financial sector (XLF) showed little change during trading today while the S&P 500 rose 0.1%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLF was up 3.7% over the last thirty trading days, and the S&P 500 climbed 3.2%.
Increasing 10.3% (+98 cents) to close at $10.49, Farmers Capital Bank (FFKT) was a major gainer in the sector. Today, 12,230 shares traded hands. The stock traded in a range of $9.56 to $10.49.
Orrstown Financial Services (ORRF) was a major loser in the sector, falling 5.8% (-52 cents) to close at $8.42 with 20,325 shares moving. The stock traded in a range of $8.36 to $8.79. The stock has risen 87 cents (11.5%) over the last three months from a price of $7.55 on May 22, 2012.
Credicorp (BAP) rose 4.4% to close at $119.13, cross its 50-day moving average of $117.92 and 200-day moving average of $121.51. Bankrate (RATE) declined 1.7% to close at $18.79, moving below its 50-day moving average of $17.92 and 200-day moving average of $20.07.
Amerisafe (AMSF) rose 3.3% to close at $25.64, approaching its 50-day moving average of $25.94. It has also moved closer to its 200-day moving average of $25.64. Ares Capital Corporation (IMF) fell 3.5% to close at $16.81, moving closer to its 50-day moving average of $16.58. Also, the stock moved closer to its 200-day moving average of $18.04.