Financial Sector Wrap

Published August 21, 2012

| FOXBusiness

The Financial sector (XLF) showed little movement on a trading day that saw S&P 500 fall 0.3%.

As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. Entering today's trading, XLF was up 6.7% over the last thirty trading days. The S&P 500, in comparison, went up 4.9%.

Increasing 13% (+89 cents) to close at $7.74, Mackinac Financial Corporation (MFNC) was a major gainer in the sector. Today, 30,311 shares traded hands. The stock traded in a range of $6.89 to $7.88.

Altisource Portfolio Solutions S.A (ASPS) was a major loser in the sector. Its price dropped 5.5% (-$4.94) to close at $85.11, as 389,575 shares moved. The stock traded in a range of $84.74 to $90.32.

IBERIABANK Corporation (IBKC) rose 1.5% to close at $48.60, cross its 50-day moving average of $47.94 and 200-day moving average of $50.02.

Hudson Valley (HVB) rose 3% to close at $17.14, approaching its 50-day moving average of $17.15. It has also moved closer to its 200-day moving average of $17.46. Credit Acceptance (WTM) fell 2.1% to close at $97.35, moving closer to its 50-day moving average of $96.56. Also, the stock moved closer to its 200-day moving average of $508.22.

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http://www.foxbusiness.com/markets/2012/08/21/financial-sector-wrap/