On a trading day that saw the S&P 500 gain 0.7%, the Transportation sector (IYT) showed little change.
While being down today, the ETF, as a proxy for sector performance, tracked closer to the overall market today than over the past month. Entering today's trading, IYT was down 1.1% over the last thirty trading days while the S&P 500 was down 2.2%.
Torm A\x2FS (TRMD) was one of the sector's big losers, as its price dropped 13.8% (-6 cents) to close at 36 cents. 11,401 shares of the stock moved. The stock traded in a range of 36 cents to 44 cents. The stock has seen some positive movement recently as shares are up 7 cents (24.8%) from a price of 29 cents on July 11, 2012.
Air Methods Corporation (AIRM) was a significant gainer in the sector, rising 8.4%. The stock closed at $107.27 with 764,286 shares moving. The stock traded in a range of $104.69 to $114.99. Share price is up $16.40 (18%) from $90.87 on June 18, 2012.
Kansas City Southern (KSU) fell 0.2% to close at $68.68, crossing its 50-day moving average of $68.22. Meanwhile, Copa Holdings S.A (CPA) climbed 1.7% to close at $77.16, moving past its 200-day moving average of $75.90.
Macquarie Infrastructure Company (DAL) fell 0.3% to close at $33.70, moving closer to its 50-day moving average of $33.54. Also, the stock moved closer to its 200-day moving average of $10.22.
Overseas Shipholding Group (OSG) hit a new 52-week low today, hitting $7.80 to fall below the previous low of $7.86.