The S&P 500 lost 1.6% while the Transportation sector (IYT) showed little movement 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 down 4.1% over the last seven trading days while the S&P 500 went up -2.3%.
Spirit Airlines Incorporated (SAVE) was a major loser in the sector, falling 6.3% (-$1.31) to close at $19.41 with 576,112 shares moving. The stock traded in a range of $19.20 to $20.25. The stock is down over the last two months, having fallen $4.22 (-17.9%) from a price of $23.63 on April 26, 2012.
The Greenbrier Companies (GBX) declined 6.2% to close at $14.44, moving below its 50-day moving average of $14.97 and 200-day moving average of $19.21. Box Ships (TEU) rose 3.2% to close at $8.07, crossing its 50-day moving average of $7.92.
Quality Distribution (QLTY) rose 1.6% to close at $10.69, approaching its 50-day moving average of $11.05. It has also moved closer to its 200-day moving average of $11.79. Lan Airlines (WAB) fell 3.3% to close at $25.93, moving closer to its 50-day moving average of $25.86. Also, the stock moved closer to its 200-day moving average of $72.51.
Radiant Logistics (RLGT) was a significant gainer in the sector, rising 4.2%. The stock closed at $1.75 with 4,900 shares moving. The stock traded in a range of $1.75 to $1.80.
GulfMark Offshore (GLF) hit a new 52-week low today, hitting $30.36 to fall below the previous low of $31.54.