The Transportation sector (IYT) held steady during a trading day that saw the S&P 500 grow 0.8%.
Despite being down today, the ETF, as a as a proxy for sector performance, tracked closer to the overall market than over the past week. Entering today's trading, IYT was down 5.2% over the last seven trading days while the S&P 500 was down 3.5%.
Rand Logistics (RLOG) was one of the sector's big losers, as its price dropped 7.2% (-56 cents) to close at $7.25. 9,694 shares of the stock moved. The stock traded between $7.25 and $8.03.
Increasing 6.1% (+89 cents) to close at $15.50, Ship Finance International (SFL) was a major gainer in the sector. Today, 573,574 shares traded hands. The stock traded in a range of $14.56 to $15.55. Share price is up $2.83 (22.3%) from $12.67 on May 4, 2012.
United Continental Holdings (UAL) rose 3.4% to close at $23.28, crossing its 50-day moving average of $22.87.
China Eastern Airlines (CEA) rose 5.6% to close at $14.81, approaching its 50-day moving average of $15.53. It has also moved closer to its 200-day moving average of $17.38. RailAmerica (AIRM) fell 1.6% to close at $22.40, moving closer to its 50-day moving average of $22.34. Also, the stock moved closer to its 200-day moving average of $85.73.
Gol Linhas Aereas Inteligentes (GOL) hit a new 52-week low today, hitting $3.83 to fall below the previous low of $3.89.