4 Stocks in the Financial Sector That Are Selling Off August 31st

Through the early part of trading on Wednesday, August 31, 2011, these stocks are bringing down the Financial (NYSE:XLF) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Shares of BlackRock, Inc. (NYSE:BLK) are trading at $165.88, down 5 cents (-0.1%) from the previous close of $165.97. BlackRock, Inc.along with its subsidiaries provides investment management services to institutional clients and to individual investors through various investment vehicles.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $27.51 (-14.1%) from $194.51 to $167. The stock price saw one of its best stretches over the last year between February 4, 2011 and February 15, 2011 when shares rose for eight straight trading days, rising 5.8% (+$11.15). It saw one of its worst periods between April 1, 2011 and April 18, 2011 when shares fell for 12 straight trading days, falling 5.9% (-$11.80).

NYSE Euronext (NYSE:NYX) is among the price losers in the sector as its stock price is $27.42, down 6 cents (-0.1%) from the previous close of $27.46. NYSE Euronext, Inc. provides securities listing, trading, market data products, and software and technology services.

Stock Price Performance: From June 3, 2011, to August 29, 2011, the stock price had fallen $7.56 (-21.3%) from $35.49 to $27.93. It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 28.1% (-$9.90). The stock price saw one of its best stretches over the last year between July 18, 2011 and July 26, 2011 when shares rose for seven straight trading days, rising 3.6% (+$1.21).

Erie Indemnity Company (NASDAQ:ERIE) is among the price losers in the sector. Its shares are trading at $73.45, which is 2 cents (-0%) below the previous close of $73.48. Erie Indemnity Company provides sales, underwriting and policy issuance services to the policyholders of Erie Insurance Exchange. It also operates as a property/casualty insurer through its three wholly-owned subsidiaries.

Stock Price Performance: From June 6, 2011, to August 30, 2011, the stock price had risen $5.06 (7.4%) from $68.42 to $73.48. The stock price saw one of its best stretches over the last year between September 7, 2010 and September 21, 2010 when shares rose for 11 straight trading days, rising 5.3% (+$2.75). It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight trading days, falling 14.5% (-$10.68).

Validus Holdings, Ltd. (NYSE:VR) is one of the sector losers in price. Its shares are trading at $25.80, down 10 cents (-0.2%) from the previous close of $25.85. Validus Holdings, Inc., through its subsidiaries, provides reinsurance and insurance coverage in the property, marine, and specialty lines markets worldwide.

Stock Price Performance: From June 6, 2011, to August 30, 2011, the stock price had fallen $5.31 (-17%) from $31.16 to $25.85. The stock price saw one of its best stretches over the last year between October 7, 2010 and October 18, 2010 when shares rose for eight straight trading days, rising 6.2% (+$1.63). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 14.5% (-$4).