While the S&P 500 grew 0.2%, the Transportation sector (IYT) showed little movement during trading today.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. Entering today's trading, IYT was down 2.6% over the last thirty trading days. The S&P 500, in comparison, went up 3%.
FreightCar America (RAIL) was one of the sector's big losers, as its price dropped 8.7% (-$1.83) to close at $19.15. 421,197 shares of the stock moved. The stock traded in a range of $17.16 to $19.37. The stock has been losing steam over the last month, decreasing $2.66 (-12.2%) from a price of $21.81 on July 6, 2012.
Increasing 6.8% (+34 cents) to close at $5.35, Republic Airways Holdings (RJET) was a major gainer in the sector. Today, 280,685 shares traded hands. The stock traded in a range of $5 to $5.39. Shares price has risen 85 cents (18.9%) from $4.50 on July 30, 2012.
Navios Maritime Partners L.P (NMM) fell 5.1% to close at $14.38, crossing its 50-day moving average of $13.89. Meanwhile, Seaspan Corporation (SSW) climbed 2.9% to close at $16.58, moving past its 200-day moving average of $16.19.
Box Ships (TEU) rose 4.5% to close at $6.67, approaching its 50-day moving average of $7.14. It has also moved closer to its 200-day moving average of $8.15. China Eastern Airlines (CEA) fell 1.4% to close at $17.26, moving down to 2.9% above its 200-day moving average of $16.76.
Covenant Transportation Group (CVTI) hit a new 52-week high today, reaching $5.50 to top the previous high of $5.25.