Devon Energy Corp (DVN): Today's Featured Basic Materials Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Devon Energy (DVN) pushed the Basic Materials sector higher today making it today's featured basic materials winner. The sector as a whole closed the day down 1.1%. By the end of trading, Devon Energy rose $0.88 (1.6%) to $56.68 on heavy volume. Throughout the day, 7,085,233 shares of Devon Energy exchanged hands as compared to its average daily volume of 2,907,500 shares. The stock ranged in a price between $55.15-$57.60 after having opened the day at $57.50 as compared to the previous trading day's close of $55.80. Other companies within the Basic Materials sector that increased today were: BMB Munai (BMBM), up 24.5%, SMF Energy Corporation (FUEL), up 12.5%, Tesco Corporation (TESO), up 10.3% and Tetra Technologies (TTI), up 9.3%.
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