The Transportation sector (IYT) held steady on a trading day that saw S&P 500 drop 0.9%.
The ETF, as a proxy for the sector, tracked farther from the overall market today than over the past month. Entering today's trading, IYT was up 0.7% over the last thirty trading days while the S&P 500 climbed 0.8%.
Arkansas Best Corporation (ABFS) was a major loser in the sector. Its price dropped 8% (-$1.01) to close at $11.65, as 505,774 shares moved. The stock traded in a range of $11.47 to $12.40.
Danaos Corporation (DAC) was a major gainer in the sector, rising 7.4% (+29 cents) to close at $4.19 with 15,435 shares moving. The stock traded in a range of $3.95 to $4.20. The stock has risen 40 cents (10.6%) over the last three months from a price of $3.79 on April 12, 2012.
Golar LNG Partners (GMLP) declined 4.4% to close at $32.15, moving below its 50-day moving average of $31.15 and 200-day moving average of $33.08. Navios Maritime Holdings (NM) rose 2.7% to close at $3.39, crossing its 50-day moving average of $3.32.
Torm A\x2FS (TRMD) rose 3% to close at 32 cents, approaching its 50-day moving average of 33 cents. It has also moved closer to its 200-day moving average of 53 cents. AMERCO (CPA) fell 4.3% to close at $90.51, moving closer to its 50-day moving average of $88.80. Also, the stock moved closer to its 200-day moving average of $75.66.