The Transportation sector (IYT) held steady on a trading day that saw S&P 500 drop 0.1%.
Covenant Transportation Group (CVTI) was a major gainer in the sector, rising 7.3% (+29 cents) to close at $4.29 with 10,056 shares moving. The stock traded in a range of $3.92 to $4.30.
USA Truck (USAK) rose 6.3% to close at $5.55, cross its 50-day moving average of $5.26 and 200-day moving average of $7.02. Alaska Air Group (ALK) declined 4.8% to close at $36.14, moving below its 50-day moving average of $33.95 and 200-day moving average of $48.29.
Seaspan Corporation (GMLP) fell 2.8% to close at $16.75, moving closer to its 50-day moving average of $16.74. Also, the stock moved closer to its 200-day moving average of $33.06.
The Greenbrier Companies (GBX) was one of the sector's big losers, as its price dropped 5.3% (-87 cents) to close at $15.57. 554,467 shares of the stock moved. The stock traded in a range of $15.49 to $16.47. The stock has been falling recently, and shares are down $2.01 (-11.4%) from a price of $17.58 on June 29, 2012.