Published August 02, 2012
During trading today, the Transportation sector (IYT) showed little change while the S&P 500 fell 0.7%.
As a proxy for the sector, the ETF tracked closer to the overall market today than over the past month. As trading began today, IYT was down 5.3% over the last thirty trading days, and the S&P 500 climbed -0.6%.
Radiant Logistics (RLGT) was one of the sector's big losers, as its price dropped 15.8% (-30 cents) to close at $1.60. 31,488 shares of the stock moved. The stock traded between $1.52 and $1.90.
Hornbeck Offshore Services (HOS) fell 14% to close at $35.79, crossing its 50-day moving average of $38.62. Meanwhile, Celadon Group (CGI) climbed 5.6% to close at $15.54, moving past its 200-day moving average of $14.96.
Diana Shipping (DSX) rose 8.4% to close at $7.08, approaching its 50-day moving average of $7.11. It has also moved closer to its 200-day moving average of $7.81. Capital Product Partners L.P (LUV) fell 2.1% to close at $7.85, moving closer to its 50-day moving average of $7.69. Also, the stock moved closer to its 200-day moving average of $8.74.
Increasing 12.9% (+$5.07) to close at $44.25, Old Dominion Freight Line (ODFL) was a major gainer in the sector. Today, 1.1 million shares traded hands. The stock traded in a range of $39.70 to $44.82. Share price has been rising, and is up $3.70 (9.1%) from a price of $40.55 on July 26, 2012.
Macquarie Infrastructure Company (MIC) hit a new 52-week high today, reaching $39.79 to top the previous high of $35.86.