During trading today, both the Transportation sector (IYT) and the S&P500 showed little movement.
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 up 0.6% over the last thirty trading days while the S&P 500 was down 4.4%.
Overseas Shipholding Group (OSG) was one of the sector's big losers, as its price dropped 10.8% (-71 cents) to close at $5.88. 1.2 million shares of the stock moved. The stock traded between $5.69 and $6.59.
Increasing 7.1% (+43 cents) to close at $6.47, DHT Holdings (DHT) was a major gainer in the sector. Today, 107,533 shares traded hands. The stock traded in a range of $6.13 to $6.55.
The Greenbrier Companies (GBX) declined 5% to close at $14.96, moving below its 50-day moving average of $15.23 and 200-day moving average of $18.26. Arkansas Best Corporation (ABFS) rose 3.8% to close at $12.25, crossing its 50-day moving average of $11.93.
Marten Transport (MRTN) rose 2.7% to close at $18.01, approaching its 50-day moving average of $19.59. It has also moved closer to its 200-day moving average of $20.42. Patriot Transportation (CEA) fell 3.2% to close at $23.23, moving closer to its 50-day moving average of $23.11. Also, the stock moved closer to its 200-day moving average of $16.77.
Grupo Aeroportuario del Sureste (ASR) hit a new 52-week high today, reaching $91.83 to top the previous high of $89.82.