During trading today, the Financial sector (XLF) showed little change while the S&P 500 fell 0.7%.
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Amtrust Financial Services (AFSI) was one of the sector's big losers, as its price dropped 9.5% (-$2.75) to close at $26.05. 194,197 shares of the stock moved. The stock traded between $26.01 and $26.76. The stock has been on a downward trajectory over the last two months, dipping $4.08 (-13.5%) from a price of $30.13 on July 3, 2012.
21st Century (TCHC) was a major gainer in the sector, rising 4.7% (+24 cents) to close at $5.32 with 19,818 shares moving. The stock traded in a range of $5.14 to $5.34.
Direxion Daily China Bear 3x Shares ETF (YANG) rose 3.3% to close at $15.50, cross its 50-day moving average of $15.26 and 200-day moving average of $14.64. National Interstate Corporation (NATL) declined 4.8% to close at $24.22, moving below its 50-day moving average of $24.97 and 200-day moving average of $24.88.
Assurant (AIZ) rose 1.8% to close at $34.59, approaching its 50-day moving average of $34.81. It has also moved closer to its 200-day moving average of $36.85. Safety Insurance Group (GBL) fell 2.8% to close at $45.38, moving closer to its 50-day moving average of $44.43. Also, the stock moved closer to its 200-day moving average of $45.08.
Cutwater Select Income Fund (CSI) hit a new 52-week high today, reaching $20.41 to top the previous high of $20.39.