Published May 16, 2012
The Transportation sector (IYT) showed little movement on a trading day that saw S&P 500 fall 0.4%.
The ETF, as a as a proxy for sector performance, was down today, but still tracked closer to the overall market than over the past week. Entering today's trading, IYT was down 0.9% over the last seven trading days while the S&P 500 was down 2.1%.
Box Ships (TEU) was one of the sector's big losers, as its price dropped 12.1% (-97 cents) to close at $7.04. 286,763 shares of the stock moved. The stock traded in a range of $6.80 to $7.98. The stock has lost momentum over the last three months, losing $2.56 (-26.7%) from $9.60 on February 17, 2012.
XPO Logistics (XPO) was a major gainer in the sector, rising 5.5% (+86 cents) to close at $16.53 with 351,588 shares moving. The stock traded in a range of $15.80 to $17.07. Over the last three months, the stock has gained $2.20 (15.4%) from a price of $14.33 on February 17, 2012.
Knight Transportation (KNX) rose 3.1% to close at $17, cross its 50-day moving average of $16.92 and 200-day moving average of $16.49.
China Eastern Airlines (CEA) rose 2.3% to close at $15.52, approaching its 50-day moving average of $16.29. It has also moved closer to its 200-day moving average of $17.85. Air Transport Services Group (ATSG) fell 4.7% to close at $5.52, moving closer to its 50-day moving average of $5.41. Also, the stock moved closer to its 200-day moving average of $5.38.
Mobile Mini (MINI) hit a new 52-week low today, hitting $14.07 to fall below the previous low of $14.51.