Monday Sector Laggards: Oil & Gas Exploration & Production, Shipping Stocks
updated Monday, October 27, 3:04 PMIn trading on Monday, oil & gas exploration & production shares were relative laggards, down on the day by about 4.3%. Helping drag down the group were shares of Petroleo Brasileiro (PBR), off about 14.5% and shares of Synergy Resources Corporation (SYRG) off about 12.1% on the day.
Also lagging the market Monday are shipping shares, down on the day by about 2.6% as a group, led down by Diana Shipping (DSX), trading lower by about 7.7% and Safe Bulkers (SB), trading lower by about 6.7%.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.