During trading today, both the Transportation sector (IYT) and the S&P500 showed little movement.
While being down today, the ETF, as a proxy for sector performance, tracked farther from the overall market today than over the past month. Entering today's trading, IYT was down 6.5% over the last thirty trading days while the S&P 500 was down 5.6%.
Kirby Corporation (KEX) was a major loser in the sector. Its price dropped 8.1% (-$4.95) to close at $56.09, as 3.8 million shares moved. The stock traded in a range of $53.58 to $61.50. The stock has been sliding in the last two months, down $12.24 (-17.9%) from a price of $68.33 on March 20, 2012.
Euroseas (ESEA) was a significant gainer in the sector, rising 5.9%. The stock closed at $1.43 with 46,202 shares moving. The stock traded in a range of $1.36 to $1.47.
Baltic Trading (BALT) rose 1.6% to close at $3.86, approaching its 50-day moving average of $4.21. It has also moved closer to its 200-day moving average of $4.48. Southwest Airlines (LUV) rose 1.7% to close at $8.35, getting closer to its 200-day moving average or $8.51.