The Transportation sector (IYT) showed little movement while the S&P 500 gained 0.5% during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past week. Entering today's trading, IYT was down 4.6% over the last seven trading days while the S&P 500 climbed -2.7%.
Globus Maritime (GLBS) was a significant gainer in the sector, rising 9.6%. The stock closed at $3.08 with 9,424 shares moving. The stock traded in a range of $2.89 to $3.08.
NewLead Holdings (NEWL) was one of the sector's big losers, as its price dropped 6.7% (-9 cents) to close at $1.23. 13,505 shares of the stock moved. The stock traded in a range of $1.15 to $1.32.
Delta Air Lines (DAL) rose 5.9% to close at $11.14, cross its 50-day moving average of $10.82 and 200-day moving average of $10.01. Gol Linhas Aereas Inteligentes (GOL) declined 4.4% to close at $4.56, moving below its 50-day moving average of $4.55 and 200-day moving average of $6.28.
Overseas Shipholding Group (OSG) rose 3.3% to close at $10.05, approaching its 50-day moving average of $10.42. It has also moved closer to its 200-day moving average of $10.98. Air Methods Corporation (AIRM) fell 0.2% to close at $87.51, moving down to 0.8% above its 200-day moving average of $86.80.
Tsakos Energy Navigation (TNP) hit a new 52-week low today, hitting $4.77 to fall below the previous low of $4.78.