Weekly financial movers: Latam Logistic, Argentinian banks climb, CorVel slides

A Costa Rican-based owner of industrial and logistics properties and three Argentinian banks made the largest gain in the past five sessions. On the down side, a workers comp services provider, a regional bank with exposure to commercial real estate, and a financial data and analytics company took the biggest dips.

Taking a broad view, though, the Financial Select Sector SPDR ETF (XLF) barely moved, rising 0.07% for the five sessions ended Friday, May 31. The S&P 500 edged up 0.2%.

Latam Logistic Properties (NYSE:LPA) soared more than 10-fold during the five sessions, during a week when the Russell Microcap Index announced that the stock would be one of seven real estate companies added to the index.

That was followed by three Argentinian banks — Banco BBVA Argentina (NYSE:BBAR), up 17%, Banco Macro (NYSE:BMA), up 16%, and Grupo Financiero Galicia (NASDAQ:GGAL), rising 16%. In the past five days, the Argentinian peso weakened 0.5% against the U.S. dollar.

The fifth-biggest financial gainer for the week was StepStone Group (NASDAQ:STEP), up 13% for the five sessions.

The biggest decliner of the five-session period was CorVel Corp. (NASDAQ:CRVL), a provider of workers' compensation, auto, liability and health solutions, which dropped 13%.

Bank OZK (NASDAQ:OZK) slid 9.7% during the period as Citi downgraded the stock to Sell, citing concerns about two of the loans it holds and worries about lending for life science projects in general.

FactSet Research Systems (NYSE:FDS) dipped 7.4% in the week that BofA downgraded the stock to Underperform due to caution amid prolonged financial services malaise.

Electronic trading platform MarketAxess (NASDAQ:MKTX) shares also shared in the malaise, falling 7.3%.

Las Vegas-based Axos Financial (NYSE:AX) hit a losing streak, declining 6.7%, and dropping six of the last seven sessions in May.