AIG Among Financial's Biggest Movers on December 11, 2012
The market is having a good day so far: the Nasdaq has increased 1.7%; the S&P 500 is trading up 1%; and the Dow is up 0.9%. The financial sector is the category of stocks containing firms that provide financial services to commercial and retail customers. This sector includes banks, investment funds, insurance companies and real estate. Financial services perform best in low interest rate environments. A large portion of this sector generates revenue from mortgages and loans, which gain value as interest rates drop. Furthermore, when the business cycle is in an upswing, the financial sector benefits from additional investments. Improved economic conditions usually lead to more capital projects and increased personal investing. New projects require financing, which usually leads to a larger number of loans.
Underperforming the market overall, the Financial sector (XLF) is up 0.8%, and these are its current biggest movers:
Forex Broker Summary: Forex Capital Markets (FXCM)
Slipping 8.8%, Grupo Financiero Galicia S.A (Nasdaq:GGAL) is currently trading at $6.32 per share. The company's volume is currently 187,859 shares for the day, 0.9 times its current daily average.
Acacia (Nasdaq:ACTG) is trading at $23.96 per share, down 5.2%. So far today, 360,349 shares have changed hands.
Rising 4.7%, Shinhan Financial Group Co., Ltd (NYSE:SHG) is currently trading at $33.97 per share. So far today, the company's volume is 23,804 shares, in keeping with its current three-month average.
AIG (NYSE:AIG) is currently trading at $34.78 per share, a 4.3% increase. The company's volume for the day so far is 107.6 million shares. This is more trading activity than there was yesterday.
At $28.46, Main Street (NYSE:MAIN) has slipped 2.9%. The company's volume is currently 1.4 million shares for the day, 5.6 times the current daily average.
Infinity Property and (Nasdaq:IPCC) has increased to a share price of $56.50, a 2.9% rise. The company's volume for the day so far is 5,896 shares.
Currently trading at $55.62 per share, Texas Pacific (NYSE:TPL) has fallen 2.5%. With 5,135 shares changing hands so far today, the company's volume is 0.4 times the average volume over the last three months.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
Underperforming the market overall, the Financial sector (XLF) is up 0.8%, and these are its current biggest movers:
| Company | Market Cap | Percentage Change |
| Grupo Financiero Galicia S.A (Nasdaq:GGAL) | $860.3 million | -8.8% |
| Acacia (Nasdaq:ACTG) | $1.26 billion | -5.2% |
| Shinhan Financial Group Co., Ltd (NYSE:SHG) | $7.69 billion | +4.7% |
| AIG (NYSE:AIG) | $49.25 billion | +4.3% |
| Main Street (NYSE:MAIN) | $927.6 million | -2.9% |
| Infinity Property and (Nasdaq:IPCC) | $641.2 million | +2.9% |
| Texas Pacific (NYSE:TPL) | $507.8 million | -2.5% |
Slipping 8.8%, Grupo Financiero Galicia S.A (Nasdaq:GGAL) is currently trading at $6.32 per share. The company's volume is currently 187,859 shares for the day, 0.9 times its current daily average.
Acacia (Nasdaq:ACTG) is trading at $23.96 per share, down 5.2%. So far today, 360,349 shares have changed hands.
Rising 4.7%, Shinhan Financial Group Co., Ltd (NYSE:SHG) is currently trading at $33.97 per share. So far today, the company's volume is 23,804 shares, in keeping with its current three-month average.
At $28.46, Main Street (NYSE:MAIN) has slipped 2.9%. The company's volume is currently 1.4 million shares for the day, 5.6 times the current daily average.
Infinity Property and (Nasdaq:IPCC) has increased to a share price of $56.50, a 2.9% rise. The company's volume for the day so far is 5,896 shares.
Currently trading at $55.62 per share, Texas Pacific (NYSE:TPL) has fallen 2.5%. With 5,135 shares changing hands so far today, the company's volume is 0.4 times the average volume over the last three months.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Paying close attention to the previous ratios will help you identify key times to adjust your strategy. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

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