Published July 02, 2012
The Transportation sector (IYT) held steady during a trading day that saw the S&P 500 grow 0.3%.
Alexander & Baldwin (ALEX) fell 52.5% to close at $25.30, crossing its 50-day moving average of $49.98. Meanwhile, Old Dominion Freight Line (ODFL) climbed 2.6% to close at $44.42, moving past its 200-day moving average of $43.47.
Pacer International (PACR) rose 4.8% to close at $5.66, approaching its 50-day moving average of $5.67. It has also moved closer to its 200-day moving average of $5.72. Overseas Shipholding Group (RAIL) fell 4.6% to close at $10.60, moving closer to its 50-day moving average of $10.42. Also, the stock moved closer to its 200-day moving average of $22.00.
The Greenbrier Companies (GBX) was a major loser in the sector, falling 10% (-$1.75) to close at $15.83 with 957,948 shares moving. The stock traded in a range of $15.60 to $17.58. The stock is down over the last three months, having fallen $3.80 (-19.4%) from $19.63 on April 4, 2012.
Increasing 6.3% (+40 cents) to close at $6.79, Scorpio Tankers (STNG) was a major gainer in the sector. Today, 181,423 shares traded hands. The stock traded in a range of $6.31 to $6.88. Share price is up $1.38 (25.5%) from $5.41 on June 1, 2012.
Allegiant Travel Company (ALGT) hit a new 52-week high today, reaching $72.01 to top the previous high of $71.42.