The S&P 500 lost 0.6% while the Transportation sector (IYT) showed little movement during trading today.
Frozen Food Express Industries (FFEX) was a significant gainer in the sector, rising 10.1%. The stock closed at $1.42 with 34,613 shares moving. The stock traded in a range of $1.28 to $1.42. Shares have been on an upward trajectory over the past month, rising 24 cents (20.3%) from a price of $1.18 on April 10, 2012.
Huntington Ingalls Industries (HII) was one of the sector's big losers, as its price dropped 5.7% (-$2.24) to close at $37.10. 701,200 shares of the stock moved. The stock traded in a range of $36.60 to $38.85. The stock has been declining recently, and shares are down $2.56 (-6.5%) from a price of $39.66 on May 2, 2012.
Safe Bulkers (SB) rose 4% to close at $6.74, crossing its 50-day moving average of $6.57. Meanwhile, American Railcar Industries (ARII) dropped 4.9% to close at $23.72, moving below its 200-day moving average or $24.72.
Torm A\x2FS (TRMD) rose 42.9% to close at 45 cents, approaching its 50-day moving average of 46 cents. It has also moved closer to its 200-day moving average of 77 cents. RailAmerica (HUBG) fell 2.3% to close at $22.10, moving closer to its 50-day moving average of $21.69. Also, the stock moved closer to its 200-day moving average of $33.78.
Saia (SAIA) hit a new 52-week high today, reaching $20.81 to top the previous high of $20.56.
Expeditors Intl (EXPD) hit a new 52-week low today, hitting $38.23 to fall below the previous low of $38.25.