Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Ultra Petroleum Corporation ( UPL) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.6%. By the end of trading, Ultra Petroleum Corporation fell 28 cents (-1.3%) to $20.78 on average volume. Throughout the day, three million shares of Ultra Petroleum Corporation exchanged hands as compared to its average daily volume of 2.6 million shares. The stock ranged in price between $20.30-$21 after having opened the day at $20.80 as compared to the previous trading day's close of $21.06. Other companies within the Basic Materials sector that declined today were: GeoGlobal Resources ( GGR), down 11%, Kingold Jewelry ( KGJI), down 7.8%, China Shen Zhou Mining & Resources ( SHZ), down 7.8%, and Crosshair Energy ( CXZ), down 7.7%.
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