On a trading day that saw the S&P 500 gain 0.2%, the Transportation sector (IYT) showed little change.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. At the start of trading today, IYT was up 5.5% over the last thirty trading days while the S&P 500 was up 2.7%.
Danaos Corporation (DAC) was a major loser in the sector. Its price dropped 7.3% (-33 cents) to close at $4.20, as 24,868 shares moved. The stock traded in a range of $4.04 to $4.56. The stock has risen 53 cents (14.4%) over the last three months from a price of $3.67 on March 21, 2012.
Increasing 6.3% (+91 cents) to close at $15.26, China Eastern Airlines (CEA) was a major gainer in the sector. Today, 41,783 shares traded hands. The stock traded in a range of $15.16 to $15.44. The stock has fallen over the last three months, dropping $2.29 (-13%) from $17.55 on March 21, 2012.
Gol Linhas Aereas Inteligentes (GOL) declined 2.3% to close at $4.60, moving below its 50-day moving average of $4.58 and 200-day moving average of $6.39.
Grupo Aeroportuario del Pacifico (PAC) rose 4% to close at $35.79, approaching its 50-day moving average of $36.09. It has also moved closer to its 200-day moving average of $36.54. Lan Airlines (LFL) fell 5.4% to close at $26.50, moving closer to its 50-day moving average of $25.78. Also, the stock moved closer to its 200-day moving average of $26.09.
J.B. Hunt Transport Services (JBHT) hit a new 52-week high today, reaching $60.77 to top the previous high of $59.
USA Truck (USAK) hit a new 52-week low today, hitting $4.47 to fall below the previous low of $4.78.