The Transportation sector (IYT) held steady during a trading day that saw the S&P 500 grow 0.5%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, IYT was up 0.2% over the last thirty trading days. The S&P 500, in comparison, went up 1%.
Danaos Corporation (DAC) was a significant gainer in the sector, rising 14.6%. The stock closed at $4.55 with 143,004 shares moving. The stock traded in a range of $3.92 to $4.73. Shares have been on on the rise over the past three months, climbing 76 cents (20.1%) from a price of $3.79 on May 16, 2012.
Gol Linhas Aereas Inteligentes (GOL) rose 10% to close at $4.71, cross its 50-day moving average of $4.59 and 200-day moving average of $6.41. Lan Airlines (LFL) climbed 4.8% to close at $26.84, moving past its 200-day moving average of $26.07.
Arkansas Best Corporation (ABFS) rose 5.8% to close at $12.29, approaching its 50-day moving average of $13.39. It has also moved closer to its 200-day moving average of $17.11. Alaska Air Group (JBLU) fell 1.8% to close at $34.58, moving closer to its 50-day moving average of $33.80. Also, the stock moved closer to its 200-day moving average of $4.95.
China Eastern Airlines (CEA) was a major loser in the sector. Its price dropped 7.5% (-$1.16) to close at $14.35, as 381,957 shares moved. The stock traded between $14.28 and $15.66. Over the last three months, the stock has lost $3.28 (-18.6%) from a price of $17.63 on March 20, 2012.
J.B. Hunt Transport Services (JBHT) hit a new 52-week high today, reaching $59 to top the previous high of $57.99.
USA Truck (USAK) hit a new 52-week low today, hitting $4.78 to fall below the previous low of $5.25.