Published July 16, 2012
During trading today, the S&P 500 dropped 0.2%, and the Transportation sector (IYT) showed little change.
Torm A\x2FS (TRMD) rose 22.6% to close at 38 cents, cross its 50-day moving average of 33 cents and 200-day moving average of 52 cents. Mobile Mini (MINI) declined 3.1% to close at $14.30, moving below its 50-day moving average of $13.88 and 200-day moving average of $17.42.
CH Robinson Worldwide (CGI) fell 2.3% to close at $58.92, moving closer to its 50-day moving average of $58.91. Also, the stock moved closer to its 200-day moving average of $14.89. USA Truck (USAK) rose 2.2% to close at $5.07, approaching its 50-day moving average of $5.19. It has also moved closer to its 200-day moving average of $6.90.
Increasing 10.8% (+12 cents) to close at $1.23, Euroseas (ESEA) was a major gainer in the sector. Today, 149,900 shares traded hands. The stock traded in a range of $1.11 to $1.33.
Marten Transport (MRTN) was a major loser in the sector. Its price dropped 6.2% (-$1.22) to close at $18.44, as 185,273 shares moved. The stock traded between $18.36 and $19.41. The stock has lost momentum over the last three months, losing $3.15 (-14.6%) from $21.59 on April 18, 2012.