The Transportation sector (IYT) showed little movement on a trading day that saw S&P 500 fall 2.2%.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, IYT was up 2.6% over the last thirty trading days, and the S&P 500 climbed 0.2%.
Swift Transportation Company (SWFT) was one of the sector's big losers, as its price dropped 8.6% (-94 cents) to close at $10.01. 1.1 million shares of the stock moved. The stock traded between $9.93 and $10.96. The stock is down over the last three months, having fallen $2.14 (-17.6%) from $12.15 on March 26, 2012.
Capital Product Partners L.P (CPLP) rose 2.3% to close at $7.43, cross its 50-day moving average of $7.43 and 200-day moving average of $7.41. Quality Distribution (QLTY) declined 7.5% to close at $10.87, moving below its 50-day moving average of $11.10 and 200-day moving average of $11.81.
Torm A\x2FS (TRMD) rose 3% to close at 32 cents, approaching its 50-day moving average of 33 cents. It has also moved closer to its 200-day moving average of 58 cents. Patriot Transportation (HUBG) fell 5.6% to close at $21.44, moving closer to its 50-day moving average of $20.93. Also, the stock moved closer to its 200-day moving average of $34.30.
NewLead Holdings (NEWL) was a major gainer in the sector, rising 4% (+5 cents) to close at $1.30 with 131,882 shares moving. The stock traded in a range of $1.20 to $1.70.
US Airways Group (LCC) hit a new 52-week high today, reaching $13.78 to top the previous high of $13.36.
GulfMark Offshore (GLF) hit a new 52-week low today, hitting $31.69 to fall below the previous low of $32.24.