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Wednesday Sector Laggards: General Contractors & Builders, Sporting Goods & Activities
By: BNK Invest
In trading on Wednesday, general contractors & builders shares were relative laggards, down on the day by about 2%. Helping drag down the group were shares of Meritage Homes Corporation ( MTH ), down about 6.9% and shares of Homex Development Corporation ( HXM ) off about 6.8% on the day.
Also lagging the market Wednesday are sporting goods & activities shares, down on the day by about 1.3% as a group, led down by Manchester United ( MANU ), trading lower by about 5.8% and 500.com ( WBAI ), trading lower by about 4.3%.