During trading today, the S&P 500 dropped 0.9%, and the Transportation sector (IYT) showed little change.
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The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, IYT was down 2.8% over the last thirty trading days, and the S&P 500 climbed 0.3%.
SkyWest (SKYW) was a major loser in the sector, falling 7.1% (-52 cents) to close at $6.80 with 403,095 shares moving. The stock traded between $6.76 and $7.34. The stock has fallen over the last three months, dropping $1.97 (-22.5%) from $8.77 on April 26, 2012.
Genesee & Wyoming (GWR) was a major gainer in the sector, rising 5.6% (+$3.16) to close at $59.49 with 809,817 shares moving. The stock traded in a range of $56.84 to $59.52. Shares have shown some positive movement over the last two months as the price has climbed $7.47 (14.4%) from a price of $52.02 on May 24, 2012.
American Railcar Industries (ARII) rose 1.7% to close at $25.44, cross its 50-day moving average of $25.11 and 200-day moving average of $25.06. Zipcar (ZIP) declined 4.8% to close at $10.77, moving below its 50-day moving average of $11.06 and 200-day moving average of $12.57.
Knight Transportation (KNX) rose 1.2% to close at $15.13, approaching its 50-day moving average of $15.92. It has also moved closer to its 200-day moving average of $16.54. Seacor Holdings (MIC) fell 2.2% to close at $89.01, moving closer to its 50-day moving average of $88.70. Also, the stock moved closer to its 200-day moving average of $32.08.