Published May 10, 2012
The Transportation sector (IYT) held steady during a trading day that saw the S&P 500 grow 0.2%.
NewLead Holdings (NEWL) was a major loser in the sector. Its price dropped 11% (-20 cents) to close at $1.61, as 84,742 shares moved. The stock traded in a range of $1.61 to $1.86.
Copa Holdings S.A (CPA) was a major gainer in the sector, rising 10.1% (+$7.82) to close at $85.05 with 1.2 million shares moving. The stock traded in a range of $79.21 to $86.50. Over the last three months, the stock has gained $11.69 (15.9%) from a price of $73.36 on February 13, 2012.
China Southern Airlines (ZNH) declined 2.9% to close at $22.73, moving below its 50-day moving average of $22.59 and 200-day moving average of $25.13.
International Shipholding Corporation (ISH) rose 3.4% to close at $19.49, approaching its 50-day moving average of $21.34. It has also moved closer to its 200-day moving average of $20.67. Globus Maritime (GLBS) fell 4.4% to close at $4.78, moving down to 2% above its 200-day moving average of $4.69.
Arkansas Best Corporation (ABFS) hit a new 52-week low today, hitting $13.51 to fall below the previous low of $13.89.