The Transportation sector (IYT) showed little change during trading today while the S&P 500 rose 2.5%.
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. Entering today's trading, IYT was up 2.2% over the last thirty trading days while the S&P 500 was up 3.5%.
Universal Truckload Services (UACL) was a major gainer in the sector, rising 10.8% (+$1.47) to close at $15.12 with 24,153 shares moving. The stock traded in a range of $13.83 to $15.31. Shares have been on an upward trajectory over the past month, rising $1.98 (15.1%) from a price of $13.14 on May 31, 2012.
Roadrunner Transportation Systems (RRTS) rose 7.9% to close at $16.89, cross its 50-day moving average of $16.80 and 200-day moving average of $16.66.
Atlas Air Worldwide Holdings (AAWW) rose 7% to close at $43.51, approaching its 50-day moving average of $44.45. It has also moved closer to its 200-day moving average of $44.60.
StealthGas (GASS) was one of the sector's big losers, as its price dropped 3.2% (-19 cents) to close at $5.81. 18,891 shares of the stock moved. The stock traded in a range of $5.76 to $6.05. The stock is down over the last two months, having fallen 68 cents (-10.5%) from a price of $6.49 on May 2, 2012.
Air Methods Corporation (AIRM) hit a new 52-week high today, reaching $99.90 to top the previous high of $96.11.