During trading today, both the Transportation sector (IYT) and the S&P500 showed little movement.
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 3.5% over the last thirty trading days while the S&P 500 was up 2.7%.
Tsakos Energy Navigation (TNP) was a major gainer in the sector, rising 7.8% (+41 cents) to close at $5.66 with 290,935 shares moving. The stock traded in a range of $5.21 to $5.74. Over the last three months, the stock has lost $2.22 (-28.2%) from a price of $7.88 on April 10, 2012.
Universal Truckload Services (UACL) was a major loser in the sector. Its price dropped 4.3% (-63 cents) to close at $14.07, as 23,278 shares moved. The stock traded in a range of $14.01 to $14.88. The stock has fallen over the last three months, dropping 53 cents (-3.6%) from $14.60 on April 10, 2012.
Quality Distribution (QLTY) fell 3.9% to close at $10.52, crossing its 50-day moving average of $10.88. Meanwhile, Golar LNG (GLNG) climbed 4.5% to close at $39, moving past its 200-day moving average of $38.29.
Knightsbridge Tankers (VLCCF) rose 3.6% to close at $8.81, approaching its 50-day moving average of $8.90. It has also moved closer to its 200-day moving average of $12.42. Celadon Group (KSU) fell 3.5% to close at $16.09, moving closer to its 50-day moving average of $15.82. Also, the stock moved closer to its 200-day moving average of $69.32.
US Airways Group (LCC) hit a new 52-week high today, reaching $14.09 to top the previous high of $13.81.