Chevron Corp (CVX): Today's Featured Basic Materials Laggard
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.Chevron (CVX) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day down 1.2%. By the end of trading, Chevron fell $1.22 (-1.0%) to $118.66 on average volume. Throughout the day, 4,304,778 shares of Chevron exchanged hands as compared to its average daily volume of 5,600,200 shares. The stock ranged in price between $118.52-$120.00 after having opened the day at $119.69 as compared to the previous trading day's close of $119.88. Other companies within the Basic Materials sector that declined today were: Cobalt International Energy (CIE), down 15.2%, Renewable Energy Group (REGI), down 14.8%, Lone Pine Resources (LPR), down 12.4% and Flexible Solutions International (FSI), down 12.1%.
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