Published August 21, 2012
During trading today, both the Basic Materials sector (XLB) and the S&P500 showed little movement.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, XLB was up 3.9% over the last thirty trading days while the S&P 500 climbed 4.9%.
Increasing 15.2% (+72 cents) to close at $5.47, Golden Minerals (AUMN) was a major gainer in the sector. Today, 558,925 shares traded hands. The stock traded in a range of $4.85 to $5.47.
Lawson Products (LAWS) was a major loser in the sector. Its price dropped 9.3% (-84 cents) to close at $8.24, as 467,438 shares moved. The stock traded in a range of $8.03 to $9.10. The stock has fallen over the last three months, dropping $1.37 (-14.3%) from $9.61 on May 24, 2012.
Simpson Manufacturing (SSD) rose 2.4% to close at $26.78, crossing its 50-day moving average of $26.71. Meanwhile, Rex American Resources (REX) dropped 4.6% to close at $18.60, moving below its 200-day moving average or $22.54.
Harmony Gold Mining (HMY) rose 6% to close at $9.53, approaching its 50-day moving average of $9.66. It has also moved closer to its 200-day moving average of $10.32. Worthington Industries (CIR) fell 5.6% to close at $21.86, moving closer to its 50-day moving average of $21.72. Also, the stock moved closer to its 200-day moving average of $33.23.