During trading today, both the Transportation sector (IYT) and the S&P500 showed little movement.
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Overseas Shipholding Group (OSG) was a major loser in the sector. Its price dropped 8.4% (-91 cents) to close at $9.87, as 1.3 million shares moved. The stock traded in a range of $9.67 to $10.79. The stock has been sinking in the last two months, down $1.47 (-13%) from a price of $11.34 on March 15, 2012.
NewLead Holdings (NEWL) was a significant gainer in the sector, rising 5.8%. The stock closed at $1.81 with 80,068 shares moving. The stock traded in a range of $1.79 to $2.02.
Canadian National Railway (CNI) rose 0.9% to close at $81.59, cross its 50-day moving average of $81.28 and 200-day moving average of $77.79.
Golar LNG Partners (GMLP) rose 1% to close at $32.08, approaching its 50-day moving average of $35.16. It has also moved closer to its 200-day moving average of $33.15. Atlas Air Worldwide Holdings (LFL) fell 2.1% to close at $48.22, moving closer to its 50-day moving average of $47.90. Also, the stock moved closer to its 200-day moving average of $26.25.
Gol Linhas Aereas Inteligentes (GOL) hit a new 52-week low today, hitting $4.76 to fall below the previous low of $5.03.