Filed Under: ,
Tickers in this Article: AKS, ROC, GSM, DOV, GGC, ATI, ALB
The Nasdaq has risen 0.2%, the S&P 500 has moved up 0.6% and the Dow is trading up 0.5% on a good day for the market so far. The basic materials sector is the category of stocks that accounts for companies involved with the discovery, development and processing of raw materials. This sector includes the mining and refining of metals, chemical producers and forestry products. The basic materials sector is sensitive to changes in the business cycle. Because the sector supplies materials for construction, it depends on a strong economy. This sector is also sensitive to supply and demand fluctuations because the price of raw materials, such as gold or other metals, is largely demand driven.

The Basic Materials sector (XLB) is up 0.6%, outperforming the market overall. The biggest movers in the sector so far are:
CompanyMarket CapPercentage Change
AK (NYSE:AKS)$604 million-9.2%
Rockwood Holdings (NYSE:ROC)$3.41 billion+3%
Globe Specialty Metals (Nasdaq:GSM)$1.08 billion-2.5%
Dover (NYSE:DOV)$10.82 billion+2.4%
Georgia (NYSE:GGC)$1.38 billion+2.3%
Allegheny Technologies (NYSE:ATI)$3.04 billion-2.3%
Albemarle (NYSE:ALB)$4.92 billion+1.9%
Broker Summary: Fidelity Online Brokerage

After a decline of 9.2%, AK (NYSE:AKS) has hit a share price of $4.96. So far today, the company's volume is 7.6 million shares. Yesterday, volume was only 2.9 million shares.

Rockwood Holdings (NYSE:ROC) is at $45.20 per share after an increase of 3%. With 350,029 shares changing hands so far today, the company's volume is 0.4 times its average over the past three months.

Globe Specialty Metals (Nasdaq:GSM) is trading at $13.98 per share, down 2.5%. The company is currently trading a volume of 59,886 shares.

Dover (NYSE:DOV) has increased to a share price of $61.89, a 2.4% rise. The company's volume is currently 1.1 million shares for the day, 0.8 times its current daily average.

After an increase of 2.3%, Georgia (NYSE:GGC) has reached a current price of $40.75. The company's volume for the day so far is 410,075 shares. This is more trading activity than there was yesterday.

Currently trading at $27.65 per share, Allegheny Technologies (NYSE:ATI) has fallen 2.3%. At 465,316 shares, the company's volume so far today is 0.2 times its current three-month average.

Albemarle (NYSE:ALB) is up 1.9% to reach a current price of $56.17 per share. The company's volume for the day so far is 258,849 shares.

The Bottom Line No matter the economic climate, Wall Street will always have stocks that make major moves each week. Daily stock performance should be weighed against historical performance and put in context of the market overall. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.

comments powered by Disqus

Trading Center