During trading today, both the Transportation sector (IYT) and the S&P500 showed little movement.
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 up 4.3% over the last seven trading days while the S&P 500 climbed 2.7%.
Genco Shipping & Trading (GNK) was a significant gainer in the sector, rising 12.3%. The stock closed at $3.55 with 1.5 million shares moving. The stock traded in a range of $3.12 to $3.61. The stock has lost momentum over the last three months, losing $1.75 (-33%) from $5.30 on April 9, 2012.
Gol Linhas Aereas Inteligentes (GOL) was a major loser in the sector, falling 6.7% (-30 cents) to close at $4.21 with 1.2 million shares moving. The stock traded in a range of $4.16 to $4.46. The stock is down over the last three months, having fallen $1.89 (-31%) from $6.10 on April 9, 2012.
China Eastern Airlines (CEA) fell 3.7% to close at $15.52, crossing its 50-day moving average of $15.48. Meanwhile, Kansas City Southern (KSU) climbed 2.4% to close at $70.91, moving past its 200-day moving average of $69.28.
Guangshen Railway (GSH) rose 2.4% to close at $15.63, approaching its 50-day moving average of $15.84. It has also moved closer to its 200-day moving average of $17.63. AMERCO (UHAL) fell 1.9% to close at $94.50, moving down to 0.2% above its 200-day moving average of $94.35.