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. Petroleo Brasileiro SA Petrobras ( PBR.A) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.9%. By the end of trading, Petroleo Brasileiro SA Petrobras fell $0.49 (-3.3%) to $14.41 on average volume. Throughout the day, 11,332,088 shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 8,080,000 shares. The stock ranged in price between $14.39-$14.94 after having opened the day at $14.86 as compared to the previous trading day's close of $14.90. Other companies within the Basic Materials sector that declined today were: Crosshair Energy ( CXZ), down 12.5%, L & L Energy ( LLEN), down 11.7%, China Gengsheng Minerals ( CHGS), down 11.0% and Ossen Innovation ( OSN), down 10.0%.
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