The Transportation sector (IYT) showed little movement while the S&P 500 gained 0.2% during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Going into trading today, IYT was up 3.5% over the last seven trading days while the S&P 500 went up 1.3%.
US Airways Group (LCC) was a significant gainer in the sector, rising 10.5%. The stock closed at $12.16 with 17.1 million shares moving. The stock traded in a range of $11.13 to $12.23.
Genco Shipping & Trading (GNK) was one of the sector's big losers, as its price dropped 10.5% (-35 cents) to close at $2.97. 1.2 million shares of the stock moved. The stock traded between $2.94 and $3.36.
XPO Logistics (XPO) rose 8.1% to close at $17.67, cross its 50-day moving average of $16.43 and 200-day moving average of $14.15. Diana Shipping (DSX) declined 1.6% to close at $7.98, moving below its 50-day moving average of $7.83 and 200-day moving average of $8.20.
Alaska Air Group (ALK) rose 5% to close at $33.84, approaching its 50-day moving average of $34.10. It has also moved closer to its 200-day moving average of $55.28. Covenant Transportation Group (CVTI) fell 3.4% to close at $3.38, moving down to 3% above its 200-day moving average of $3.28.
Gol Linhas Aereas Inteligentes (GOL) hit a new 52-week low today, hitting $4.10 to fall below the previous low of $4.25.